Orion Engineered Carbons Announces North America Specialty and Rubber Carbon Black Price Increases
Orion Engineered Carbons S.A Common Shares (OEC)
Last orion engineered carbons s.a common shares earnings: 2/20 04:45 pm
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Source: Business Wire
HOUSTON--(BUSINESS WIRE)--Orion Engineered Carbons S.A. (NYSE: OEC) (the “Company” or “Orion”), a worldwide supplier of specialty and high-performance Carbon Black, today announced that effective September 1, 2019 or as contracts allow, Orion Engineered Carbons will increase sales prices by $0.08/pound for Rubber grade Carbon Black and $0.07/pound for Specialty grade Carbon Black for all Carbon Black produced and sold in North America to recover the rapidly rising feedstock costs as well as to ensure continued reliable supply.On all Rubber grade Carbon Black, Orion will increase current base prices by $0.04/pound. This is necessary to reliably secure increased demand while maintaining quality and sustainable supply.Carbon Black Oil (CBO) is the primary raw material/feedstock used for the production of furnace grade Carbon Black in the U.S. Costs for CBO vary based on the quality and sulfur content. Recently, demand for certain qualities of CBO has increased dramatically. This is d
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