CEO of Oilong: European carbon black supply will shift to China in 2024

On June 28, Mr. Corning Painter, CEO of Oerilon Engineering Carbon Company, recently stated that it is expected that starting from mid-2024, the EU will further strengthen import restrictions on Russian carbon black and may completely ban imports. This news has attracted the attention of the tire and rubber industries in the EU market, and tensions on carbon black supply are expected to further intensify.

Pei Kangning pointed out that European tire and rubber product manufacturers have begun to take some measures to gradually reduce their dependence on Russian carbon black. Contract negotiations with carbon black suppliers began earlier than before, signaling widespread industry belief that EU regulators will impose a comprehensive ban next year. This situation will be an opportunity for carbon black suppliers with production capabilities in Europe.

It is understood that due to the tight supply of carbon black in Europe, some companies are considering importing carbon black products from China and other places to solve the market supply shortage problem next year. Pei Kangning said that in the long run, this will have a positive impact on Oillion's operations in China.

Carbon black is an important raw material and is widely used in industries such as tires and rubber products. The shortage of carbon black supply in the EU market will have a certain impact on the production and development of related industries. Therefore, European companies are actively looking for alternative solutions to ensure the stability of production and the reliability of supply.