Carbon Black Market Analysis (December 31)
01 Carbon Black Index
According to data from TuDuoDuo, the carbon black price index was 5881 on December 31st, an increase of 52.5 from 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 3550 yuan/ton; in Shanxi, 3400 yuan/ton; and in Hebei, 3500 yuan/ton. The domestic high-temperature coal tar market saw price increases exceeding market expectations, with positive factors once again dominating the market, maintaining a relatively strong trend.
2. Carbon Black Supply: Carbon black plant operating rates remained relatively stable. Large plants in Shandong and Shanxi maintained high operating rates due to heating and gas supply tasks, while some smaller plants reduced operating rates to offset losses. Southern regions maintained low operating rates for an extended period. Overall, the operating rate of carbon black plants remained relatively stable.
3. Downstream Demand: Some tire manufacturers suspended production due to maintenance arrangements during the New Year's Day holiday, while others maintained normal production. Overall, the operating rate of tire manufacturers was low, and most companies had sufficient inventory. Moderate maintenance helped to reduce finished product inventory to some extent.
04. Market Outlook
As of now, the bidding price of raw material coal tar has increased significantly, providing strong support to the market from the cost side. However, some downstream tire orders were signed at relatively low prices. After subsequent price increases, downstream buyers were cautious in accepting goods. The atmosphere for new order negotiations in the carbon black market improved, but the room for further price increases in actual orders was limited, with only minor price increases being negotiated.
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