10 January 2014 23:59 [Source: ICIS news]
LONDON (ICIS)--The European titanium dioxide (TiO2) first-quarter contract price has softened by €0.05/kg at both the low and high end respectively due to lengthy supply, sources confirmed this week
The adjusted first-quarter contract price is €2.25-2.45/kg free delivered (FD) northwest Europe (NWE)
According to market buyers, first-quarter contract price were agreed with price reductions heard between €0.05-0.10/kg as sellers attempt to balance a long market and secure volume with their customers.
With demand expected to remain flat in the first quarter, players forecast that producers could recoup lost margins by the second quarter when the coatings peak season typically gets underway.
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