Tokai Carbon American Carbon Black Company Raises Prices
According to information, Donghai Carbon American Carbon Black Company announced that it will raise the price of all carbon black varieties produced in North America from August 1, an increase of 0.20 US dollars / pound.
Donghai Carbon American Carbon Black Company stated that due to strict environmental protection regulations, equipment upgrades and increased operating costs had to raise prices. This increase can ensure the continuity of product delivery.
In addition to Tokai Carbon American Carbon Black Company, two other carbon black giants will raise carbon black prices on August 1.
Cabot price hike on August 1
As early as June 16, Cabot said that due to the significant increase in demand for tire and rubber products in the North American market, the price of all carbon black products sold in North America will be increased by $200 per ton to $400 per ton. Relieve operational pressure from "significant cost increases" to provide customers with a reliable supply of carbon black. In addition, Cabot announced that it will increase the feedstock surcharge on all carbon black products sold in North America starting August 1.
Oulilong Engineering Co., Ltd. to increase prices on August 1
Similarly, Orion Engineering Carbon also recently announced a 20% price increase on August 1 for all carbon black products for rubber produced in Europe and the Americas. In addition, Orion is adjusting the specific payment terms to meet the latest standards in different regions.
The online query shows that the domestic carbon black price was 9,875 yuan/ton on July 13. On the cost side, the price of coal tar continued to rise. The supply of high-temperature coal tar on the raw material side was still tight, and the cost of carbon black enterprises continued to rise.
On the demand side, the downstream tires in the domestic carbon black market are running at a low load, and the domestic tire demand market continues to be weak. With the country's economic recovery, the stable control of the epidemic, and the implementation of a series of macro-control policies such as automobile consumption and logistics, market players are generally in the future. Expected to be good. On the whole, the current domestic carbon black and carbon black enterprises' enthusiasm for starting construction has declined significantly. Affected by cost support and the production reduction of some enterprises, carbon black prices are relatively strong.
Tire Price Trend
What do people in the tire industry care about most every day? Price, price, price! The price increase is closely related to their own interests, and tire companies, tire dealers, and tire retail stores are also cautious. Rubber, carbon black, and steel wire are important components of tires, accounting for more than 70% of tire raw materials. The price trend of raw materials will inevitably affect the price of tires and the overall situation of the tire industry. The price of raw materials fluctuates, how long can tire companies carry it?
There are still many tire raw materials, but in general, the price of raw materials is getting higher and higher. In addition, in other aspects, whether the labor cost is getting higher and higher, the logistics cost is getting more and more expensive, and the environmental protection income is gradually increased, etc., all of which are affecting the profits of tire companies. And now tire companies are only seeing the running account but not the money in the account. How should tire companies respond to the price increase of raw materials, whether to support or follow the trend!
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