The carbon black market: full of ups and downs!
01 Carbon Black Index
According to data from TuDuoDuo, the carbon black price index was 7381.5 on July 31, an increase of 45 from 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 4100 yuan/ton; in Shanxi, 4310 yuan/ton; and in Hebei, 4180 yuan/ton. Positive factors are currently dominating the domestic high-temperature coal tar market, supporting its upward trend. However, slow follow-up demand from end-users will drag down the upward trend, and further price increases will face increasing pressure.
2. Carbon Black Supply: The operating rate of sample enterprises in the domestic carbon black market declined. During the period, a plant in Shanxi underwent maintenance, and another plant in Shandong had planned maintenance. Other major plants operated normally. The market operating rate declined this week.
3. Downstream Demand: It is understood that as the end of the month approaches, enterprise shipments are generally weak, and inventory reduction is slow. In Shandong's main production area, some small-scale enterprises still have maintenance plans, dragging down the overall operating rate, and the supply side remains weak. Most enterprises have sufficient finished product inventory, while some enterprises restrict economical production, and some specifications are experiencing regular shortages, which has little impact on overall shipment volume.
04. Market Outlook
As of now, after a significant increase in raw material market prices, new orders have followed suit, continuously benefiting the market from a cost perspective. However, downstream pressure has limited the price increase. With some purchase orders being fulfilled, the ability to accept higher prices is limited, increasing upward pressure in the market. Negotiations between upstream and downstream are at a standstill, and new orders in the market are mostly maintaining a narrow to slightly stronger trend.
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