Carbon Black Market Analysis (February 24)
01 Carbon Black Index
According to data from TuDuoDuo, the carbon black price index was 6714.25 on February 24th, remaining stable compared to 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 3770 yuan/ton; in Shanxi, 3690 yuan/ton; and in Hebei, 3710 yuan/ton. Domestic demand for high-temperature coal tar remained strong, with downstream demand for high-temperature coal tar generally increasing.
2. Carbon Black Supply: The operating rate of sample carbon black enterprises declined more significantly. During the holiday, the operating rate of the downstream tire market dropped considerably, with most enterprises undergoing maintenance.
This led to a decrease in market enthusiasm for raw material procurement, and the carbon black market essentially entered a shutdown state. Coupled with significant market losses, the carbon black operating rate declined, with some large factories choosing to reduce production lines for maintenance, and some small factories also undergoing maintenance during the holiday, resulting in a decrease in the market's operating rate.
3. Downstream Demand: It is understood that production resumption was concentrated from the sixth to the eighth day of the Lunar New Year after the holiday, and capacity utilization is expected to recover in stages. As the logistics industry gradually resumes operations after the holiday, companies are also starting to ship goods. The timely resumption of work after the holiday will be a key focus in the near future.
04. Market Outlook
As of now, production resumption was concentrated from the sixth to the eighth day of the Lunar New Year after the holiday, and capacity utilization is expected to recover in stages. As the logistics industry gradually resumes operations after the holiday, companies are also starting to ship goods. The timely resumption of work after the holiday will be a key focus in the near future. New orders for carbon black are expected to remain stable.
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