Affected by the price increase of raw materials, the price increase of the company has increased significantly.
Not long ago, Cabot, a world-renowned carbon black manufacturer, announced a price increase for all products produced in the United States, Europe and China. The reasons for the price increase are related to the rise in global crude oil and coal prices, as well as the supply chain crisis.
In addition, Arlanxeo, a world-renowned butyl rubber manufacturer, announced that it will increase the prices of its products in China. ARLANXEO said that the recent increase in raw material prices is the main reason for the price increase.
The price increase this time is so large that it may have a certain impact on the tire market.