TiO2 prices deteriorate more than expected
Published: Thursday, 17 December 2015
The US chemicals company has said it expects EBITDA to fall sequentially as titanium dioxide prices are likely to be around 3% lower on average in Q4 than in the previous quarter. While Chemours has been focusing efforts on its fluoroproducts business, it noted that demand in this sector was also weakening.
The Chemours Co. has said that titanium dioxide
(TiO2) and fluoropolymers markets have been weaker
than expected in Q4 2015 as a result of falling prices and the
impact of a stronger US dollar.
The company now expects global average TiO2 prices to
decline by more than 3% in the...