Carbon black: It's stuck in the same place again
01 Carbon Black Index
According to data from TuDuoDuo, the carbon black price index was 7077.5 on June 3rd, 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 4060 yuan/ton; in Shanxi, 4050 yuan/ton; and in Hebei, 4050 yuan/ton. The domestic high-temperature coal tar market remained largely in a wait-and-see mode, but downstream demand was strong, 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 decreased slightly. Large factories in East China underwent maintenance, while some enterprises in Shandong increased their operating rates. Large factories in Shanxi and Hebei maintained normal operations, while some smaller factories remained under maintenance.
3. Downstream Demand: It is understood that there were differences in production schedules among enterprises at the beginning of the month. Some semi-steel tire manufacturers were constrained by order and inventory pressures, resulting in reduced production. Most all-steel tire manufacturers maintained relatively good operating rates, although some faced production pressure. Overall, the supply side weakened, with slow shipments at the beginning of the month and relatively ample inventory.
04. Market Outlook
As of now, the raw material coal tar market still has expectations of rising prices, and the cost factor remains favorable for market quotations. However, downstream buyers still show significant resistance to high-priced goods, and their willingness to accept goods has declined, putting downward pressure on prices. Actual transaction volume is not high. In the short term, the market is characterized by both bullish and bearish factors, and amidst market uncertainty, carbon black prices may remain stable.
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