European Carbon Black prices dropped to the lowest in three months as September reaches conclusion. FD Rotterdam Carbon Black Nxxx grade prices dropped to USD xxxx/MT after hitting as high as USD xxxx/MT previous month, latest assessment of ChemAnalyst revealed. The price drop in Europe was also supported by falling freight charges from NE Asia to Europe amidst slowing demand and more companies of NE Asia going offline due to Autumn celebrations and festivities. While NE Asian Carbon Black markets have remained bearish since Qx, the South Asian Carbon Black market turned bearish in Qx due to slowing demand and rising capacities. More Russian capacities have been diverted towards NE Asia and SE Asian markets forcing traditional Indian Carbon Black suppliers to reduce their prices, reflected in the latest round of quotations.
In European markets, price surge remained major characteristics for Qx trade, ended in June....
