On June 1, Cabot Corporation announced a price increase for all carbon black product in its Reinforcement Materials segment sold in the Europe, Middle East and Africa (EMEA) region. The increase will be effective as of July 1, 2018, or as customer contracts allow.
Cabot said that it is experiencing persistent rising costs associated with high utilization rates, increased operating and regulatory costs, and higher logistics expenses in the EMEA region. Despite ongoing efforts to offset these costs, Cabot will increase prices by 80 €/MT, in addition to any applicable index-related adjustments, for all rubber carbon black products including Black Pearls®, CRX™, Endure™, Propel®, Regal®, Vulcan®, Sterling® and Spheron® carbon black grades.
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