Goldman Predicts End of Boom in Chemical Used in Paint and Twinkies
- Pigment market is due for cyclical decline, bank says
- Analyst cuts earnings estimates for Venator and Chemours
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Venator Materials Plc led producers of titanium dioxide down after analysts at Goldman Sachs Group Inc. predicted profit from making the white pigment will soon drop.
Earnings from the pigment known by its chemical formula, TiO2, are unsustainably high and due for a cyclical decline, Goldman analysts led by Robert Koort said Monday in a note. TiO2 prices have gained more than 40 percent over the past two years, Koort said.