CARBON BLACK SHORTAGE IN INDIA
Carbon Black shortage prompts tyre industry to make a representation to the Government to allow duty free import of carbon black and also for rolling back the anti dumping duty on carbon black imports from China.
China accounts for more than 40 % of carbon black production across the world.
The increase in raw material prices like natural rubber and carbon black is creating a crisis for tyre manufacturers across India, at present.
Share price of companies like Phillips carbon black have risen from levels of Rs.600 in August 2017 to Rs.1,500 in January 2018 , currently being traded at levels of Rs.1,200 approximately.