Carbon Black Daily Report: Market Uptrend is Set
01 Carbon Black Index
According to data from TuDuoDuo, the carbon black price index was 7077.5 on June 1st, 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 4060 yuan/ton; in Shanxi, 4050 yuan/ton; and in Hebei, 4050 yuan/ton. The domestic high-temperature coal tar market is currently dominated by favorable factors, and the market is expected to maintain an upward trend in the short term.
2. Carbon Black Supply: The operating rate of sample enterprises in the domestic carbon black market has slightly decreased. Large factories in East China are undergoing maintenance, while some enterprises in Shandong have increased their operating rates. Large factories in Shanxi and Hebei are maintaining normal operations, while some smaller factories are still under maintenance.
3. Downstream Demand: It is understood that the overall supply in the tire industry is currently relatively abundant, but shipments are slow. Some enterprises are considering production cuts or shutdowns, which will further drag down operating rates. Current shipments are below expectations, production pressure on enterprises remains, and overall inventory continues to rise.
04 Market Outlook
As of now, there is still room for new orders in the raw material coal tar market to rise. Cost factors are influencing market sentiment, and new orders in the carbon black market are quoted at high levels. However, actual transactions are generally weak. Due to the rapid increase in new orders, downstream enterprises' purchasing enthusiasm has declined, and negotiations are at a standstill, resulting in limited transactions at high levels. However, cost support remains strong, and the price increases in the carbon black market will gradually materialize.
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