Worldwide reported rising profits on May 8, citing "higher
average TiO2 selling prices and higher sales
at the US-based company’s
TiO2 segment surged to $56.5m over the first
quarter of 2017, compared to just $3.8m a year
increase was driven by rising prices, which were up 17% over
the period, supporting segment sales.
volumes of TiO2 were reported at 143,000 tonnes
over the quarter, compared to 138,000 tonnes a year
production was also up, rising by some 14,000 tonnes to 145,000
operated our production facilities at an overall average
capacity utilisation rate of 100% in the first quarter of 2017
compared to approximately 97% in the first quarter of 2016,"
were also boosted by lower raw materials costs, but currency
fluctuations trimmed gains.
the whole company, Kronos reported net-sales of $369.8m in the
first quarter of 2017, up 16% year on year.
surged to $36.8m, compared to a loss of $3.8m a year
is the latest titanium dioxide seller to report improving
last week reported that its titanium segment swing from loss to
profit in the first quarter, thanks to rising sales.
2 pigment prices have hit multi-year highs in recent
weeks in China, Europe and the US.
IM’s spot price for pigment-grade
titanium dioxide in Northern Europe rose to €2,765-3,190/tonne
11 May up from €2,150-2,575/tonne previously while spot
prices for bulk volume TiO2 pigment rose to a
two-year high of $2,720-3,100/tonne
[basis CFR Asia] 11 May.