Cabot announced an increase of USD150 per ton of carbon black

October 13, 2020

Carbon Black Pigment 61

On September 21, Cabot announced that it would increase the price of Carbon Black for rubber by US $150 per ton, equivalent to RMB 1200, from October 1.

For the reason of price rise, Cabot explained that the cost of raw materials, employees and other aspects increased and the production was limited, which led to the continuous rise of carbon black manufacturing cost.

In terms of domestic market, the cumulative price increase of domestic carbon black market was 500-800 yuan / ton from the beginning of September to 21, and the market turnover decreased after the rise of new enterprise orders. As of September 21, the N330 price of carbon black in Shandong market was 5200-5500 yuan / ton, up 13.44% month on month.

The price of RSS3 rubber reached a decade high

In addition, novel coronavirus pneumonia and market supply are limited, and demand for protective rubber gloves has risen sharply. The outlook for natural rubber prices is improving.

Lukchai kittipol, honorary president of the Rubber Association of Thailand, previously said he was more optimistic about the future of rubber, as the price of RSS3 rubber reached 60 baht per kilogram for the first time in more than a decade.

In the third quarter of 2020, the natural rubber futures market at home and abroad further rose, continuing the rising trend of the second quarter. However, different futures markets and rubber varieties have different growth rates. Among them, the futures prices of China full latex, China No.20 adhesive, Singapore cigarette adhesive, Singapore No.20 adhesive and Japan cigarette adhesive increased by 21.02%, 7.97%, 38.09%, 24.15% and 17.15% respectively. At the same time, the spot prices of various rubber varieties in China were up and down, with the strongest performance of cigarette adhesive and the weakest performance of mixed rubber. Since July 2020, the spot prices of cigarette adhesive and full latex in Shanghai, Thailand No.20 standard adhesive and mixed rubber in Qingdao free trade zone have increased by 26.80%, 16.21%, 13.60% and 8.12% respectively.

The rise of raw material prices may affect the performance of tire enterprises in the second half of the year

In recent years, the prices of tire raw materials have been rising, which has intensified the price rise of tires. So far, more than 20 tire enterprises, including margiss, Pulin Chengshan, Sanjiao, Bridgestone, Linglong and Wanli, have issued price increase plans.

Author:

Ms. Yolanda

E-mail:

info@jinhetec.com

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+86 13298161700