Carbon Black Daily Report: Stable for Now
01 Carbon Black Index
According to data from Tuduoduo, the carbon black price index was 7294.5 on July 21st, 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 4000 yuan/ton; in Shanxi, 4020 yuan/ton; and in Hebei, 4000 yuan/ton. The domestic high-temperature coal tar market is currently operating quietly with a wait-and-see attitude, and the market will continue to absorb negative factors in the short term.
2. Carbon Black Supply: The operating rate of sample enterprises in the domestic carbon black market declined slightly. Due to the recent pressure on carbon black sales and the accumulation of inventory, some large factories in the region have reduced their operating rates. Meanwhile, a factory in East China is still under maintenance. Overall, the operating rate of carbon black enterprises declined during the week.
3. Downstream Demand: It is understood that most maintenance companies have returned to normal levels, and tire production is steadily recovering. The market exhibits regional differentiation; some companies reported a slight rebound in semi-steel tire shipments in the south, but the overall increase in national demand is limited. Finished product inventories are generally high, and companies are mostly using promotions and price reductions to boost sales. The overall production and sales pattern of the industry has not improved significantly and will remain under pressure in the short term.
04. Market Outlook
As of now, no new orders have been released in the raw material coal tar market. However, after the decline slowed, the market is currently maintaining a stable wait-and-see attitude. Downstream tire procurement is not yet due, so the market is characterized by a strong wait-and-see atmosphere, with most companies seeking low-price purchases. Therefore, new order transactions are generally weak, and the market is expected to consolidate with a narrow downward trend.
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