Chinese four carbon black companies' profit rise

Recently, Chinese four listed carbon black released their 2017 annual report. 

The reports showed that four companies posted large growth on operation revenue and net profit, Jiangxi Carbon Black Co.,Ltd listing the first rank by production and sales. 

In 2017, price of coal tar and anthracene oil respectively soared 80% and 64.72%, compared to the same period of 2016.

Adding to strict environmental pressure, carbon black's cost largely rose.

At the same time, demand from tire and rubber production industries kept high, which led to carbon black companies' full capacity operation.

In that case, carbon black companies lifted production price and showed better profit.

Ding Liping, General Secretary of Carbon Black Commission of China Rubber Industry Association, said that it seemed that carbon black industry were walking into Spring, but the companies should still keep sober to control growth of production capacity.

Carbon black companies should take market demand as guidance, and pay more attention to green tire demand,she said. 

Companies should continue lifting core technology and develop special products to increase their profit, Ding said.