26 April 2013 17:19 [Source: ICIS news]
LONDON (ICIS)--Delegates attending next week's titanium dioxide (TiO2) summit in Barcelona will focus discussions on upcoming quarterly earnings releases, the direction the market is heading and pricing evolution over the next three to six months, sources said on Friday.
Several players planning to attend the event said that they will discuss developments in the past year and find out what to expect globally and in Europe in the near-term.
The global TiO2 industry has been through a rollercoaster ride in the past year-and-a-half, and producers were juggling with high feedstock costs and low demand.
Demand in the near-term is not expected to grow and even the arrival of warmer weather will help little, as construction output across Europe has been declining in recent months as a result of the ongoing macroeconomic slowdown.
EU construction output fell by 0.4% in February this year compared to the previous month, data agency Eurostat said. Construction output for the 17-member eurozone was also down by 0.8% month on month in February, Eurostat added.
TiO2 is used for paints, plastics and a number of other materials consumed by the construction and automotive industries.
The TiO2 World Summit will run from 30 April to 2 May and will be attended by market leaders from all over the world.
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