TiO2 market to remain stable overall through 2013 – PPG CEO

18 April 2013 20:55  [Source: ICIS news]

HOUSTON (ICIS)--The global titanium dioxide (TiO2) market should be flat overall for the rest of the year, with Europe experiencing a slight-to-moderate decline, the CEO of PPG Industries said on Thursday.

Current North American TiO2 prices have been assessed by ICIS at $1.55-1.70/lb (€1.19-1.31/lb) for the first quarter, while Northwest Europe (NWE) prices are at $2.35-2.50/lb and Asia prices at $1.22-1.41/lb.

The North American prices were flat from a month before, while the NWE and Asia prices were assessed downward from four weeks prior.

In PPG’s conference call regarding its Q1 2013 earnings, CEO head Charles Bunch said ihis company’s view is that the TiO2 market will remain flat through the second half of 2013.

Pittsburgh, Pennsylvania-based PPG Industries makes glass and coatings, the latter of which makes use of TiO2.

($1 = €0.77)


By: Jeremy Pafford
+1 713 525 2653



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