China Sunsine Chemical Holdings Ltd (SGX: CH8), or CSC for short, is a specialty chemical producer that sells rubber accelerators, anti-oxidant, and other vulcanising agents. It’s the largest rubber accelerator producer in the world and serves more than 65% of Global Top 75 tire makers such as Bridgestone, Michelin, Pirelli, and Hankook. CSC is operating in a niche industry where it specialises in providing chemicals to the tire industry. In its Q2 2019, total sales volume increased by 15% year on year to a new record high of 43,363 tons from 37,567 tons a year ago, but the average selling price (ASP) remained under pressure. ASP plunged from RMB 23,334 per ton to RMB 16,633 per ton in the current quarter, exacerbated by a decrease in raw material prices and an increase in supply. D