On October 26, Cabot Corporation announced a global price increase for carbon black product sold by its specialty carbons business. The increase is effective for all shipments on or after December 1, 2021, or as contracts allow. The company said in a press release that the price increase was necessitated by the significant rise in prime raw material costs across regions.
In addition, effective for all shipments on or after November 1, 2021, or as contracts allow, Cabot will apply a surcharge on specialty carbon black products produced in Europe. This surcharge is necessary to address the unprecedented and rapid increase in natural gas costs.
On November 1, Orion Engineered Carbons announced a global price increase for its specialty blacks.