Carbon Black Market Analysis (February 3)
01 Carbon Black Index
According to data from TuDuoDuo, the carbon black price index was 6809.5 on February 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 3800 yuan/ton; in Shanxi, 3760 yuan/ton; and in Hebei, 3800 yuan/ton. The domestic high-temperature coal tar market is expected to remain stable to slightly weak in the short term.
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 carbon black market operating rate is expected to remain low.
3. Downstream Demand: Some tire manufacturers had already begun their Spring Festival holiday at the end of last month, while others gradually finished production at the beginning of this month, leading to a gradual decline in tire output and dragging down the overall operating rate. Most other companies maintained relatively stable production.
Currently, companies are gradually confirming their holiday schedules, and pre-holiday shipments are acceptable, with inventory buildup showing relatively strong performance at the beginning of the month.
04. Market Outlook
As of now, new orders for raw material coal tar are still showing a downward trend, with cost factors remaining unfavorable. Furthermore, the pre-holiday holiday closures of some tire manufacturers have limited restocking demand, leading to a decline in previously high-level offers. Market trading is stagnant, and the center of gravity for new orders in the carbon black market is expected to decline.
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