Mixed sentiments for Black Masterbatch prices in India and China
The use of Recovered carbon black from end-of-life tires and plastic pyrolysis has caused fluctuations in price and demand in the Masterbatch market. From the beginning of 2023, the Masterbatch market in Asia, especially in India and China, has experienced fluctuating pricing trends from the beginning of 2023. Due to decreasing demand from downstream industries like electronics, packaging, and rubber, the pricing trend for Masterbatch in the local Indian market has been bearish. Black Masterbatch (40% carbon black) cost $1977 per ton in India in January 2023 but fell to $1770 per ton in February 2023, a 10.5% decrease. Due to declining naphtha and coal prices in the domestic Indian market, prices decreased further by 6.9% to $1648 per ton in March 2023.