Carbon black: finally returned to calm (June 10)
01 Carbon Black Index
According to data from TuDuoDuo, the carbon black price index was 7380 on June 10th, remaining stable compared to the previous trading day.
02 Carbon Black Market Price
03 Analysis of Factors Affecting the Carbon Black Market
1. Upstream Raw Materials: Coal tar prices in Shandong were 4200 yuan/ton; in Shanxi, 4260 yuan/ton; and in Hebei, 4200 yuan/ton. The domestic high-temperature coal tar market was mainly consolidating with a wait-and-see attitude. Due to an increase in the number of auctions failing to attract bids, a bearish sentiment gradually emerged in the market.
2. Carbon Black Supply: The operating rates of sample enterprises in the domestic carbon black market saw narrow adjustments. Some large plants increased their operating rates. Maintenance shutdowns at some enterprises in North and East China offset some of the changes in plant operation data. Overall, the operating rate of plants fluctuated within a limited range, showing a narrow upward trend.
3. Downstream Demand: It is understood that production at all-steel tire manufacturers varies. Some companies, affected by external factors, have extended maintenance plans, dragging down supply. Most other companies are operating steadily, with some reducing production to alleviate cost pressures. Overall, the supply side is weak.
04 Market Outlook
As of now, tenders for raw material coal tar have repeatedly failed to attract bids, and market sentiment is increasingly bearish. The future decline in coal tar prices is clear, cost support is weakening, and negotiation pressure is increasing. Downstream buyers are mostly observing the market, with no significant actual transactions yet. New orders are lacking guidance, but the expectation of further declines may be strong.
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