On July 17, Tokai Carbon announced it was raising the selling price of carbon black as follows:
1．Price revision (a) Scope: Carbon Black of all grades (b) Effective date: August 1, 2018 (delivery base) (c) Amount: 11.5 Japanese Yen/kg price increase (US$0.10/kg)
2．Background The escalating raw material oil price of carbon black causes the significant cost increase. This increase is difficult to absorb only by our production cost reduction, measures and the price increase is necessary to ensure Tokai Carbon to maintain the stable supply of our high quality products and services.
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