Carbon Black Market Aug 20th
01 Carbon Black Index
According to Tuduoduo data, the carbon black price index on August 20th was 6345, stable compared to the previous trading day.
02 Carbon Black Market Price
Today's carbon black market price remained generally stable. As of now, the price of mainstream N330 carbon black products is 6350 yuan/ton in Shandong; 6050 yuan/ton in Shanxi; 6450 yuan/ton in Hebei; 6600 yuan/ton in Guangzhou; and 6450 yuan/ton in Zhejiang.
03 Carbon Black Market Impact Analysis
1. Upstream Raw Materials: Coal tar prices are 3660 yuan/ton in Shandong; 3700 yuan/ton in Shanxi; and 3660 yuan/ton in Hebei. The domestic high-temperature coal tar market is currently on the sidelines. The tight supply and demand situation for high-temperature coal tar is expected to intensify, and the market is expected to remain relatively strong in the short term.
2. Carbon Black Supply: Carbon black plant operating rates have increased slightly, with some major plants in key production areas operating at high levels. Meanwhile, maintenance at some factories in Shanxi Province has impacted shipments. Overall, carbon black market operating rates have increased slightly.
3. Downstream Demand: All-steel tire manufacturers have generally maintained stable plant operations, with some shipment variations among companies. Some companies have moderately adjusted their promotional policies within the month, resulting in relatively strong overall shipment performance. Other companies saw concentrated sales last month, but shipments are currently slowing slightly, and overall shipment continuity remains insufficient.
April Market Forecast
As of now, with rising raw material prices, cost pressures are significant, leading to increased losses in the carbon black market. Market quotations are also showing a willingness to continue rising. Furthermore, there is still an expectation of rising prices in the raw material coal tar market. While cost factors are driving market sentiment, downstream demand has been slow to follow. Trading volume has declined after the market rally, and market negotiation has remained stagnant. New order trends will continue to be guided by the prices of new raw material tenders.
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