Phillips Carbon to hike carbon black prices

NEW DELHI, May 9 (Reuters) - Phillips Carbon Black (PHIL.BO: Quote, Profile, Research) is looking at hiking carbon-black prices by 15 percent, its chairman said.

Carbon black, made from crude oil and used to make tyres, has become more expensive after crude prices rose.

Crude oil CLc1 has raced past a record-high of $124 a barrel.

"The dialogue is already on with our main consumers, which is the tyre industry," Chairman Sanjiv Goenka told Reuters on Friday. (Reporting by Rakesh Sharma; Editing by Ramya Venugopal)