US Sherwin-Williams sees flat raw-material costs for 2013

18 April 2013 19:50  [Source: ICIS news]

HOUSTON (ICIS)--US-based Sherwin-Williams has lowered its forecast for raw-material costs for 2013, as it now expects them to be flat versus its earlier estimate of a slight increase, a company executive said on Thursday.

Pricing has been stable for titanium dioxide (TiO2), a paint pigment, said Christopher Connor, Sherwin-Williams CEO. Connor made his comments during an earnings conference call.

Prices for propylene, a key feedstock for resins, latex and packaging, have fallen off of their February highs, Connor said.

As a general rule, changes in propylene costs take about 90 days to filter into the Sherwin-Williams raw-material costs, Connor said.

Those costs, though, filter into solvents much quicker than in resins or packaging.

By: Al Greenwood
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