Carbon black: Cost recovery (June 24)
01 Carbon Black Index
According to data from TuDuoDuo, the carbon black price index was 7281.5 on June 24th, remaining stable compared to the previous trading day.
02 Carbon Black Market Price
03 Analysis of the Impact on the Carbon Black Market
1. Upstream Raw Materials: Coal tar prices in Shandong were 3920 yuan/ton; in Shanxi, 3980 yuan/ton; and in Hebei, 3940 yuan/ton. The domestic high-temperature coal tar market was mainly in a wait-and-see mode, but some positive factors emerged, and the market returned to a positive trend.
2. Carbon Black Supply: The operating rate of sample enterprises in the domestic carbon black market increased slightly. A small factory in Shandong started production, some large factories adjusted their production lines based on orders, and a large factory in East China was still under maintenance. Overall, the market operating rate fluctuated within a limited range.
3. Downstream Demand: It is understood that the current domestic terminal shipment pace of the tire industry is slow, while the export market performance is acceptable, providing some support for the production and sales of tire manufacturers. To alleviate production and sales pressures, most companies continue to control production and maintain prices. Currently, the industry as a whole has sufficient inventory, but upstream raw material prices remain high, putting pressure on company costs. Overall, pricing policies are mostly stable.
04 Market Outlook
As of now, the raw material coal tar market has seen positive developments, with expectations of a cost recovery, supporting the carbon black market. Furthermore, with the end of the month approaching, downstream demand for new orders is supporting the market. In the short term, both supply and demand are supported by favorable factors, and new order negotiations are mainly focused on maintaining prices.
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