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TiO2 demand in the fourth quarter to moderate from levels seen in the previous two quarters

November 16/2011

(ICIS) -- Tronox expects titanium dioxide (TiO2) demand in the fourth quarter to moderate from levels seen in the previous two quarters, the US-based titanium dioxide (TiO2) producer said on Tuesday. We expect demand for TiO2 to continue to grow globally in a market in which both feedstock and pigment supplies are limited and will remain so for a considerable period of time, said Tronox chief executive Tom Casey during the company's third-quarter earnings conference call.

That being said we anticipate in the fourth quarter of this year, global demand will moderate from the levels we saw in the third quarter as the traditional seasonality and downstream inventory management combines with a slowing of orders from China and Thailand in particular, he added.
The Chinese government has recently imposed limitations on credit limits and lending policies of its banks to help stem inflation, while Thailand has been coping with the devastation from a recent flood.
Casey said the Chinese New Year, which is in the third week of January, will also add to the softness in demand.

Casey said he believes these are only temporary roadblocks to demand growth, which will allow the company to restore depleted inventory levels. It will allow us to be more responsive to meeting the needs of our customers as well as perform the appropriate maintenance with less disruption to production, he said. We continue to be bullish on the mid- to long-range condition of our market.

Perspectives of development of polymer markets, pricing issues and other important aspects will be discussed at The Polymers Summit-2011, which will be held in Moscow on November 30, 2011 at the Ritz Carlton Hotel. The Summit will be organized by MRC with the support of ICIS. The main idea of the Summit is to find a "the golden mean" between producers and converters. When producers receive exactly such margin of production, which helps them to invest in production expansion in order to substitute polymers imports, and the converters receive such price of feedstock that helps them to compete imported finished products. The Summit site gives an access to the live video of the Summit, speakers" presentations, as well as opportunities to ask questions or make appointments to any Summit partcipant.

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