Carbon Black Market Analysis (March 23)
01 Carbon Black Index
According to data from TuDuoDuo, the carbon black price index was 7881.5 on March 23, a decrease of 22.5 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 4340 yuan/ton; in Shanxi, 4250 yuan/ton; and in Hebei, 4310 yuan/ton. The domestic high-temperature coal tar market was weak, with strong downward pressure and a short-term downward trend.
2. Carbon Black Supply: The operating rate of sample carbon black enterprises declined slightly. Some enterprises in East China underwent maintenance, and with the heating season ending in northern China, some enterprises had maintenance plans, leading to a decline in the market's operating rate.
3. Downstream Demand: It is understood that semi-steel tires and all-steel tires showed significant differences in performance, with finished product inventory fluctuating. On March 16th, large-scale enterprises in Shandong raised prices, boosting downstream restocking for all-steel tires, leading to increased shipments and decreased inventory. However, price increases by semi-steel tire manufacturers did not significantly stimulate downstream restocking, and export shipments in some regions were restricted, resulting in increasing inventory reserves.
04 Market Outlook
Currently, the price of high-temperature coal tar raw materials is declining, dragging down the market. Offers are softening, and downstream pessimism about the future has led to a strong wait-and-see attitude in the market, resulting in limited actual transaction volume and a weak expectation for new orders.
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