Cabot raising specialty black prices

Cabot Corporation announced today that it will increase prices on all carbon black products sold by its specialty carbons business globally, effective August 26, 2021 or as contracts allow. The amount of the increase was not disclosed. The company said in a press release that the price increases are necessitated by the significant and rapid increases in costs including raw material, transportation and logistics, and operational costs across all products and regions. Additionally, costs associated with the European Union Emission Trading Scheme (EU ETS) have increased substantially in recent months driving higher environmental compliance costs.