TiO2 demand in Russia & Ukraine estimated at 110,000 tonnes/y
- Publisher
- Elsevier Science
- Year
- 2005
- Weight
- 43 KB
- Volume
- 2005
- Category
- Article
- ISSN
- 0969-6210
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✦ Synopsis
take effect as from 1 April. Lyondell's increases were: $150 per tonne for Asia (excluding Japan); A$100 per tonne for Australia; $0.07 per pound for the US and C$0.09 per pound for Canada. Millennium's posted increase for Africa and the Middle East was $150 per tonne -the same as other suppliers. For Europe, Millennium proposed an increase of only €100 per tonne. For Latin America, Millennium proposed increases of $150 per tonne.
Meanwhile, on 22 March DuPont had declared its Latin American price increases at: $150 per tonne for Mexico; $200 per tonne for other Central American markets (including the Caribbean region); and $150 per tonne for South American markets.
Certainly TiO 2 pigment suppliers have enjoyed more success in actually implementing the price increases announced over the past year. Prior to that, the situation was often farcical -suppliers would announce price increases for a forthcoming quarter and it was later made obvious that the level of actually realised selling prices had actually drifted downwards! By the end of March 2005, according to 'ECN', major and medium-size European customers were typically paying €2100-2300 per tonne for TiO 2 pigment. With the euro worth $1.30, this translated to $2730-2990 per tonne. The subsequent fall in the exchange rate to $1.20 will have helped to reduce the wide differential that had opened up between European and US prices.