US DuPont to implement additional TiO2 surcharge

01 October 2008 18:37  [Source: ICIS news]

HOUSTON (ICIS news)--DuPont Titanium Technologies plans to implement its third energy surcharge since June for titanium dioxide (TiO2) sold into the North American paper and board market, the US pigment producer said on Wednesday.

The world's largest producer of TiO2 said it will add a 4 cent/lb ($88/tonne) fee to product orders effective 1 November.

DuPont earlier this year announced a 6 cent/lb energy surcharge for 1 August and a 4 cent/lb surcharge for 1 July.

"Raw material and input costs continue to escalate as energy costs remain elevated," said E Bryan Snell, global business director. The surcharge, he said, is needed to offset continued high production and transportation costs.

In North America, TiO2 contract prices were 104-114 cents/lb ($2,293-2,513, €1,628-1,784/tonne) FD (free delivered), according to global chemical market intelligence service ICIS pricing.

Other US producers of TiO2 include Cristal, Hunstman, Tronox and Kronos.

($1 = €0.71)

For more on TiO2, visit ICIS chemical intelligence
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Author: Larry Terry
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