KINGWOOD, Texas—Orion Engineered Carbons is increasing prices for its rubber carbon black materials in North America effective June 1.
As part of this, invoice prices for rubber carbon blacks will be adjusted by an average of $121 per metric ton, contracts permitting.
Orion cited "increasing operating and logistic expenses and the costs required to maintain service levels" among the reasons for the price hikes. The firm also noted that the price changes would support "substantial investments" in its North American rubber carbon black production.
The announced price hikes come just one a week after Boston-based Cabot Corp. said it had plans to increase rubber black in North America on the same date. Cabot said April 13 that prices for some of its carbon black products would increase by roughly $100 per ton, while an increase of 4 percent is planned for others.
Cabot also blamed "persistently rising costs" for the decision.