GREY:ARGEF - Post by User
Post by
canada7on Oct 01, 2011 9:36pm
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Post# 19108414
Talking about no demand?
Talking about no demand?
Europe crisis? No demand. The world is going to end?.... Check this fact first.
Also, the latest PMI from China indicates that the manufacturing is still active, and Asian market will start to go back up very soon.
On Thursday, KRO increased price AGAIN!!!!! If the demand is low, KRO will decrease price NOW. But instead it increased price.
https://www.tio2.net.cn/english/infoShow.asp?id=43115
Kronos Worldwide Inc. said on 29, Sep. that it will raise prices for all titanium dioxide products sold in North America by 25 cents a pound.
The price increase kicks in on Saturday or as permitted by contract, the company said. Titanium dioxide is commonly used as a paint pigment and in other products.
The increase is in addition to previously announced price increases.
The company didn't give a reason for the increase.
In August, Kronos reported that its second-quarter profit more than quadrupled on higher average selling prices of the titanium dioxide pigments it produces.
The average selling price of its titanium dioxide pigments rose 39 percent in the second quarter, contributing to a 41-percent boost in sales for the quarter.