TITANIUM DIOXIDE

Prices U.S.: $2,300-$2,400/m.t. EUROPE: €1,900-€2,000/m.t. ASIA/PACIFIC: $2,200-$2,300/m.t. cif Outlook Global titanium dioxide (TiO2) demand of 2.8%/year is expected to outpace supply growth, says Lyondell Chemical’s Millennium Chemicals, the second-largest producer, behind DuPont, in the 4.6-million m.t. market (chart). This should drive up worldwide operating rates from the current 87%-88%, to about 90% by 2011, says Gary Cianfichi, v.p. sales/inorganic chemicals at Lyondell. Global demand increased “quite healthily” in 2006, after...

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