Carbon Black Market Analysis (March 16)
01 Carbon Black Index
According to data from TuDuoDuo, the carbon black price index was 8004 on March 16th, an increase of 104 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 4430 yuan/ton; in Shanxi, 4410 yuan/ton; and in Hebei, 4450 yuan/ton. The domestic high-temperature coal tar market continued its upward trend, but without new positive catalysts, further upward pressure is significant, and a decline should be anticipated.
2. Carbon Black Supply: The operating rates of sample carbon black enterprises are gradually increasing, with some small and medium-sized enterprises resuming production, and large factories operating normally, leading to an increase in the market's operating rate.
3. Downstream Demand: It is understood that the production schedules of domestic tire companies have basically returned to normal levels, providing some support for the overall operating rate. Furthermore, driven by expectations of price increases, all-steel tire manufacturers saw active domestic sales and accelerated inventory reduction; while semi-steel tire manufacturers experienced relatively stable domestic and international sales, with overall shipments being relatively average.
04 Market Outlook
Currently, raw material coal tar prices are likely to consolidate at high levels, with limited room for further increases. Costs are supporting the market; however, the downstream tire market has limited room for further price increases, resulting in low actual transaction volumes and a stalemate in market negotiations. Nevertheless, the market still anticipates further price increases due to cost support.
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