Carbon Black Market Analysis (February 2)
01 Carbon Black Index
According to data from TuDuoDuo, the carbon black price index was 6809.5 on February 2nd, 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 3800 yuan/ton; in Shanxi, 3760 yuan/ton; and in Hebei, 3800 yuan/ton. Negative factors affecting high-temperature coal tar in the domestic market are gradually increasing, leading to a downward trend in the coal tar market.
2. Carbon Black Supply: The operating rate of sample carbon black enterprises declined slightly. Some large factories chose to reduce production lines to decrease inventory, resulting in significant market pressure and dampening the enthusiasm of enterprises to operate. Downstream demand was generally weak before the holiday. Under the influence of negative demand factors, the operating rate of the carbon black market is expected to remain low.
3. Downstream Demand: Some companies that underwent maintenance at the end of the month have completed their operations and are now entering the Spring Festival holiday period. Most other companies are continuing production as before. The supply of semi-steel tires is still acceptable, while the supply of all-steel tires has slightly decreased. Overall, shipments are average, and companies are still in the inventory building phase.
04 Market Outlook
As of now, the price of raw material coal tar has stopped rising and started to fall. After a significant drop in costs, negotiations are in a bearish zone. However, considering the significant losses in the carbon black market due to previously high costs, some manufacturers are still maintaining firm prices. The stalemate in market negotiations will continue to drag down the carbon black market, and new orders for carbon black are expected to decline in the near future.
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