BOSTON—Cabot Corp. is increasing prices globally on all carbon black products in its reinforcement materials segment as of Sept. 1, the company announced recently.
“Despite our best efforts to manage costs, we find that the price of our carbon black products now needs to be adjusted to account for the increased cost of specific feedstocks,” Sean Keohane, executive vice president and president of Cabot's reinforcement materials segment, said in a statement.
“However, the actual costs of carbon black feedstocks relative to fuel oil indices have been rising. This widening difference between the indices and actual costs has persisted since early this year and is forecasted to continue into the future,” the company stated.