DuPont Raises TiO2 Prices – Analyst Blog
Source: http://www.zacks.com/stock/news/22463/DuPont+Raises+TiO2+Prices+-+Analyst+BlogPosted on Monday, July 20th, 2009 | In Market Commentary, Stocks to Watch
Recently, Delaware-based chemical giant DuPont (DD) increased prices for all its Ti-Pure® titanium dioxide (TiO2) products sold in Eastern Europe, Middle East and Africa regions. Effective August 1, 2009, or as permitted by the contract, prices in these markets were increased by $150 per ton. This is on top of a $100 per ton price increase announced on May 15, 2009, in Europe and Middle East.
Titanium dioxide is noteworthy for its wide range of applications. When used as a pigment, it is called titanium white. The pigment is widely used to provide whiteness and opacity to products such as paints, plastics, paper, ink, food and toothpastes. It is also used in cosmetic and skin care products, and it is present in almost every sunblock, where it helps protect the skin from ultraviolet light. Titanium dioxide accounts for 70% of the total production volume of pigments worldwide.
DuPont has witnessed stable production rates and inventories for titanium dioxide. Further, the company foresees gradually improving global market conditions in the second half of 2009. These seem to be the driving factors behind the recent price increases.
DuPont Titanium Technologies is the world’s largest manufacturer of titanium dioxide, serving worldwide customers in the coatings, paper and plastics industries. Currently, DuPont has 17 products registered under the Ti-Pure® brand.
Crude titanium dioxide is purified through conversion to titanium tetrachloride in the chloride process. DuPont’s chloride manufacturing processes are located in DeLisle, Mississippi; New Johnsonville, Tennessee; Edge Moor, Delaware; Altamira, Mexico; and Kuan Yin, Taiwan.
We continue to recommend DD as Hold with a six-month target price of $25.00.
Read the full analyst report on “DD”
Zacks Investment Research
Last 5 posts by Zacks Market Commentaries
- Citi Trends' Profit Rises - Analyst Blog - November 24th, 2009
- H-P Revenue Down, EPS In-Line - Analyst Blog - November 24th, 2009
- Zacks Bull and Bear of the Day Highlights: Petrobras, St. Jude Medical, Motorola Inc., Sprint Nextel Corp. and Alcatel-Lucent - Press Releases - November 24th, 2009
- Zacks Analyst Blog Highlights: Skyworks Solutions, Ericsson, Alcatel-Lucent, Nokia and Siemens - Press Releases - November 24th, 2009
- Zacks #5 Rank Additions for Tuesday - Zacks Tale of the Tape - November 24th, 2009
Africa, Altamira, Delaware, Dupont, DuPont Titanium Technologies, Eastern Europe, Edge Moor, Europe, food, Kuan Yin, Market Commentary, Mexico, Middle East, Mississippi, New Johnsonville, Plastics, plastics industries, skin care products, Stocks to Watch, Taiwan, Tennessee, The Macro Trader, USD, whiteness and opacity to products, Zacks Market Commentaries
 About Zacks Market Commentaries (http://www.zacks.com/)
Zacks Market Commentaries |
No recommendations, either expressed or implied, are being made to buy, sell, hold or short any of the mentioned stocks. No legal, tax or accounting advice is expressed or implied. Always contact your attorney, CPA, or tax advisor before acting on any legal or tax issues. StraightStocks.com is not responsible for the content, products, or services of any of the advertisers on this site. StraightStocks.com receives compensation from advertisers on this blog. Services and products referred to herein are trademarks, registered trademarks, servicemarks, and/or registered servicemarks of their respective trademark or servicemark owners.