Hamburg (Germany): Carbon Black Nxxx prices surged by xx in the final two weeks of March xxxx as crude prices continued to rise. Market reports attribute this increase to raw material shortages, improving demand in European nations, and gradual reductions in supply from Russian suppliers to the Eurozone. At the beginning of Qx FYxx-xx, suppliers are maintaining prices, and sentiment regarding demand in the Eurozone, particularly for Carbon Black in tire markets, is positive, indicating a recovery.
Brent prices rose to USD xx/b by the end of March, an xx increase, driven by extended supply cuts from OPEC+ and Russia into the next quarter. This upward trend in spot and contract markets is also affecting prices for newer petrochemical contracts, including Carbon Black.
In Europe, Cabot and Orion are two major domestic suppliers of Carbon Black, providing both specialty and performance Carbons. However, the primary supply...
