Carbon Black Daily: Sideways Market Trend Persists
Carbon Black Daily: Sideways Market Trend Persists
01 Carbon Black Index
According to Tuoduoduo data estimates, the carbon black price index on August 5 was 7,459, remaining stable compared to the previous trading day.
02 Carbon Black Market Price
03 Carbon Black Market Impact Analysis
1. Upstream Raw Materials: Coal tar oil price in Shandong region is 4,100 RMB/ton; in Shanxi region 4,310 RMB/ton; in Hebei region 4,180 RMB/ton. The domestic high-temperature coal tar market remains mainly on the sidelines, with sporadic new orders maintaining an upward trend.
2. Carbon Black Supply: The operating rate of sample enterprises in the domestic carbon black market has declined. During the period, one plant in Shanxi region underwent maintenance, one plant in Shandong region has maintenance plans, while other major plants are operating normally. The overall market operating rate has declined.
3. Downstream Demand: It is understood that enterprises under maintenance are gradually resuming production. Some enterprises have returned to normal production levels, while others are in the process of ramping up, which will drive a gradual recovery in operating rates. At the beginning of the month, individual semi-steel tire enterprises provided certain policy support, reportedly in the range of 2-3%. However, since some distributors stocked up moderately at the end of last month, the current boost to overall shipments is limited. Other enterprises mostly remain on the sidelines.
04 Market Outlook
As of now, the coal tar market on the raw material side temporarily remains mainly on the sidelines, but the tight supply-demand situation persists. Market prices maintain an upward trend, and cost-side support remains. The carbon black market is consolidating with a bullish tone for new orders, with quotes at high levels, but actual transactions in the market are limited, mainly small-volume deals. In the short term, the room for further raw material price increases is limited. The carbon black market is expected to consolidate at high levels with narrowing room for fluctuation.
