Carbon Black Daily Report (April 30)
Carbon Black Daily Report: Theory: Weak Market Performance!
I. Carbon Black Index
According to data from TuDuoDuo, the carbon black price index was 7459 on April 29th, remaining stable compared to the previous trading day.
II. Carbon Black Market Prices
III. Analysis of Factors Affecting the Carbon Black Market
1. Upstream Raw Materials: Coal tar prices in Shandong were 4050 yuan/ton; in Shanxi, 4080 yuan/ton; and in Hebei, 4120 yuan/ton. The domestic high-temperature coal tar market price continued to decline slightly. Currently, negative factors still dominate the market, and the downward trend is expected to continue until after the holiday.
2. Carbon Black Supply: The operating rate of sample enterprises in the domestic carbon black market declined. During the week, the operating rate of a major plant in North and East China decreased. Major plants in East China that underwent maintenance earlier are still under maintenance. The overall operating rate in the market declined slightly.
3. Downstream Demand: It is understood that tire production capacity is low, and raw material prices remain high, putting continued cost pressure on enterprises. Coupled with the earlier release of domestic demand and recent weakening of domestic sales, the pressure on enterprises' production and sales is further increasing. Some enterprises plan to schedule maintenance at the end of this month and the beginning of next month, which will drag down the overall operating rate.
IV. Market Outlook
As of now, the price of new orders in the raw material coal tar market continues to decline. Negative costs are driving negotiations, and downstream buyers are adopting a wait-and-see approach to new orders, or waiting for them to materialize after the holiday. With upstream and downstream negotiations in progress, the weak trend in new order negotiations in the carbon black market is clear.
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