Cabot, the world’s silica giant, issued a price increase notice, with a price increase of up to 15%!
Recently Cabot, the world’s silica giant, issued a price increase notice, announcing that starting from May 30, it will increase the prices of fumed silica and silica sol globally, with a price increase of up to 15%!
Cabot said that the increase in product prices was mainly due to the increase in raw material and transportation costs, as well as the market’s negative impact on the company. Product demand continues to grow. This price adjustment will help Cabot continue to invest in product supply stability and compliance with environmental requirements. It will also ensure that it provides customers with high-quality products, technological innovation, and the highest level of customer service and technical support!
Cabot Corporation, as a multinational fumed silica giant, has 36 production companies in 21 countries around the world. , its business scope includes carbon black, fumed silica, nano glue, etc. Cabot and Hengyecheng cooperated to invest 400 million yuan to build a fumed silica factory in Wuhai, Inner Mongolia, with an annual production capacity of It is expected to be completed in 2019 and will further expand its share of the Chinese silica market after it is put into production.
Currently , China’s silica and silicone markets are still hot, and product prices continue to run at high levels, reaching historical highs. As a giant company with global influence, Cabot’s price increase will undoubtedly once again detonate the silica and silicone markets, leading to a new wave of price increases!
