BOSTON—Cabot Corp. is increasing prices on all carbon black products in its Reinforcement Materials segment sold in the Europe, Middle East and Africa region.
The company will increase prices by $93 per metric ton, in addition to index-related adjustments for products including Black Pearls, CRX, Endure, Propel, Regal, Vulcan, Sterling and Spheron carbon black grades, according to a Cabot release.
The price increase is effective on all shipments made on or after July 1 or as customer contracts allow, Cabot said. The price increase comes in response to rising costs from high utilization rates, increased operating and regulatory costs and higher logistics expenses.