Producer
Jiangxi Black Cat Carbon Black Inc.
China's largest single domestic carbon black producer (~6% global share, 1.14 Mt/yr). Shenzhen A-share listed. Produces N-series rubber-grade carbon black primarily for Chinese tire manufacturers. Uses coal-tar-derived feedstock (CBFS from coke-oven operations). Coal-tar CBFS gives different PAH surface chemistry vs. petroleum-based CBFS from Western producers.
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Tire-Grade Carbon Black
70%Specialty Carbon Black
15%Non-Tire Rubber
10%By-Products & Utilities
5%
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Origin2022
Jiangxi Black Cat Carbon Black Inc. (SHE: 002068), headquartered in Xinyu, Jiangxi Province, is one of China's largest carbon black producers and a representative of the Chinese industrial scale-up that fundamentally changed global carbon black market economics. China's domestic carbon black industry expanded massively after 2000 alongside its tire manufacturing boom: as Chinese tire production grew to represent approximately 40% of global output, Chinese carbon black producers like Black Cat, Longxing, and Cabot (China) expanded in parallel. Chinese carbon black, produced using lower-cost Chinese feedstocks (residual aromatic oil from domestic refineries) and lower-cost Chinese labor, drove a sustained global price decline that pressured Western producers. Black Cat is part of the supply infrastructure that makes Chinese tires price-competitive in export markets — the integrated domestic supply chain (rubber, carbon black, steel cord, chemical processing) gives Chinese tire OEMs a cost structure that is difficult for Western producers to match. Black Cat's feedstock is primarily coal tar distillate from Chinese coking operations, meaning its economics are tightly linked to Chinese steel industry activity and domestic coal prices — a different supply chain geometry than petroleum-feedstock Western producers.
Jiangxi Black Cat Carbon Black Inc. ↗