Recently, China carbon black producer Longxing Chemicals released its half-year report, and posted 1.26 billion yuan of revenue in the first half year of 2017, year-on-year rising by 53%. Longxing Chemical realized 40,640,000 yuan of net profit, turning debt into profit.
The company said carbon black price raised 800-155 yuan/ton, hitting the historical high. Although price turned down from the second quarter, carbon black companies still maintain strong profitability.
