Carbon Black giant Cabot recently announced that, effective October 1, 2024, the price of all currently available rubber carbon black will be increased by RMB 600-800 per ton for each grade, based on the September 2024 price. Cabot stated that the reason for raising the price of rubber carbon black this time is primarily due to the sustained low profitability of carbon black in recent times, which has impacted the company's sustainable and healthy operation. This price increase is expected to affect multiple downstream industries such as tires, rubber products, and
Plastic Masterbatch. Cabot (CBT) released its Q3 financial report, showing a cumulative revenue of $2.993 billion for the first three quarters of fiscal year 2024, compared to $2.966 billion for the same period last year, a year-on-year increase of 0.91%. The cumulative net profit for the first three quarters of fiscal year 2024 was $278 million, compared to $238 million in the same period last year, a year-on-year increase of 16.81%.
Mask-type: unset; clip-path: unset; mask: unset; x: unset; y: unset; cx: unset; cy: unset; rx: unset; ry: unset; r: unset; d: unset; table-layout: unset; text-overflow: unset; text-decoration: unset; ime-mode: unset; scrollbar-width: unset; user-select: text; -moz-window-dragging: unset; -moz-force-broken-image-icon: unset; transition: unset; animation: unset; animation-composition: unset; -moz-box-align: unset; -moz-box-direction: unset; -moz-box-flex: unset; -moz-box-orient: unset; -moz-box-pack: unset; -moz-box-ordinal-group: unset;">Carbon black giant Cabot recently announced that, effective October 1, 2024, the price of all currently available rubber carbon black will be increased by RMB 600-800 per ton for each grade, based on the September 2024 price. Cabot stated that the reason for raising the price of rubber carbon black this time is primarily due to the sustained low profitability of carbon black in recent times, which has impacted the company's sustainable and healthy operation. This price increase is expected to affect multiple downstream industries such as tires, rubber products, and plastic masterbatch. Cabot (CBT) released its Q3 financial report, showing a cumulative revenue of $2.993 billion for the first three quarters of fiscal year 2024, compared to $2.966 billion for the same period last year, a year-on-year increase of 0.91%. The cumulative net profit for the first three quarters of fiscal year 2024 was $278 million, compared to $238 million in the same period last year, a year-on-year increase of 16.81%.
Carbon black giant Cabot recently announced that, effective October 1, 2024, the price of all currently available rubber carbon black will be increased by RMB 600-800 per ton for each grade, based on the September 2024 price. Cabot stated that the reason for raising the price of rubber carbon black this time is primarily due to the sustained low profitability of carbon black in recent times, which has impacted the company's sustainable and healthy operation. This price increase is expected to affect multiple downstream industries such as tires, rubber products, and plastic masterbatch. Cabot (CBT) released its Q3 financial report, showing a cumulative revenue of $2.993 billion for the first three quarters of fiscal year 2024, compared to $2.966 billion for the same period last year, a year-on-year increase of 0.91%. The cumulative net profit for the first three quarters of fiscal year 2024 was $278 million, compared to $238 million in the same period last year, a year-on-year increase of 16.81%.
