Shanghai (China): Birla Carbon recently announced plans to increase their capacities in Asia by xxx,xxx tons/annum by xxxx, through the establishment of new facilities in India and Thailand. According to their press release, Birla Carbon expects their Carbon Black plants to be operational by FYxx to meet the rising demand in Asian markets. With Carbon Black prices trading around USD xxxx/MT in Asian markets, significantly higher than in European markets, the introduction of new capacities could lead to a significant price reduction from FYxx onwards.
In European markets, Carbon Black supply has predominantly come from Russian markets through the supply chain in Hungary and Poland until July xxxx. Prices remained subdued largely due to weak replacement tire demand in European markets, influenced by high gasoline prices and subdued private transport resulting from high rents and the cost of living. Despite restrictions by the European Parliament and sustainability...
