05 April 2012 17:26 [Source: ICIS news]
HOUSTON (ICIS)--Costs for titanium dioxide (Ti02) are expected to continue to rise during the remainder of the year, though not as sharply as in recent months, a company executive with US compounder A Schulman said on Thursday.
"I do not think it will go up as aggressively as it has in the past, but the indications are that it will continue going up," said CEO Joe Gingo during a company earnings conference call.
The trend is not expected to have much effect on the company's bottom line, because demand for Ti02 is decreasing, as customers move away from white plastic and move toward clear plastic, Gingo said.
"We are seeing a trend way from white, which means away from Ti02," he said. "That is why we don't think pricing will be as aggressive on Ti02 as in the past, because demand is softening and that demand is switching to other products."
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