COMMODITY CHEMICALS MARKET ANALYSIS

Market News

Key Developments:

• 21 November 2019, Cabot Corporation announced carbon black capacity expansion in Cilegon, Indonesia by adding approximately 80,000 metric tons per year of additional production capacity. This is expected to be completed in 2021.
• 17 January 2019, Phillips Carbon Black is in talks with state governments personals of Tamil Nadu, Andhra Pradesh and Telangana to zero in on a location for setting up 1,50,000-tonne new carbon black plant with an investment of Rs 600-620 crore.
• 16 January 2019, Phillips Carbon Black Ltd (PCBL) expects their share of value-added and specialty carbon black to almost double to 15 percent of its total production capacity in the next two years.