Resumen de PPG will fight for rollover TiO2 pricing in Q2, McGarry says
US paintmaker PPG grew revenue by increasing the price of coatings in the first quarter 2018 in response to rising titanium dioxide prices. But the company will resist further price increases for TiO2, president and chief executive officer Michael McGarry said.
Coatings prices have been rising since early 2017 due to increasing demand spurred by the global economic recovery, concurrent with environmental inspections in China curtailing production.
In response to a question about the company’s architectural coatings segment, he said supply and demand for TiO2 are likely to have stabilized.
“Supply and demand are what drive TiO2 pricing. When people report all their earnings across Europe and in other places, you’ll see that demand will be weak, in our opinion,” he said.
“We’re going to be fighting for rollover-type pricing in TiO2 because we think that is reflective of supply and demand. So we’ll wait to see exactly how that turns out,” he added.
