30 September 2010 19:19 [Source: ICIS news]
Market sources just learning of the outage were uncertain how it might affect current supply constraints.
The declaration, effective from 26 September, stemmed from a production issue outside of the company’s control, according to Mark Stoll, vice president for commercial operations at Cristal.
The company said it was still evaluating the duration and impact of the FM, but further details were not yet available.
“Any outage will tighten things up,” a TiO2 buyer said, “but how much of an effect is the question.” The buyer said it was too early to gauge the impact of this outage.
North American supply has been under duress since early in the year due to inventory depletion and capacity reductions in 2009 and unexpected demand so far this year.
June initiatives of 8 cents/lb appeared to be settling at or near levels sought by producers.
A series of year-end price-hike initiatives were still being absorbed.
A series of initiatives have also been announced globally, owing to ongoing short supply.
Other North American TiO2 suppliers include DuPont, Kronos, Tronox and Hunstman.
($1 = €0.73)
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