European Carbon Black prices have showcased a surge in July due to rising crude oil and naphtha prices and improving downstream demand amidst supply challenges across European tire markets. The prices peaked around USD xxxx/MT for Hamburg bound deliveries the previous month. Adding worries amongst the tire suppliers and other industrial partners, many tire producers and rubber products manufacturers have been shifting their gears towards recycled Carbon Black (rCB). The latest to commit to the recycled Carbon Black procurement has been Continental tires.
Carbon Black prices have remained high since the beginning of xxxx as Red Sea disruptions kept the Asian-European trade strained. Russian invasion had previously forced European Commission to sanction Russian imports of Carbon Black, Styrene Butadiene Rubber etc. to be banned gradually with their implementation of a full ban beginning with xst July, a market player told ChemAnalyst. Russian...
