Carbon Black Market Aug 22
01 Carbon Black Index
According to Tuduoduo data, the carbon black price index on August 22nd 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; 3600 yuan/ton in Shanxi; and 3650 yuan/ton in Hebei. The decline in the domestic high-temperature coal tar market has widened. In the short term, the market is facing a stalemate between bulls and bears, limiting both upward and downward trends.
2. Carbon Black Supply: Carbon black plant operating rates have declined. Due to major domestic events, some major plants in Shandong, Shanxi, and Jiangxi have reduced their operating rates. Overall, the carbon black market operating rate has declined.
3. Downstream Demand: Full-steel tire manufacturers are maintaining production schedules similar to those of the previous period, with some still in the production control phase. Overall shipments remain largely normal, with minimal inventory fluctuations and minor adjustments. Overall, production and sales are generally balanced. Some semi-steel tire manufacturers are experiencing slow shipments, and inventories are still increasing slightly.
Market Forecast for April
So far, following the decline in raw material coal tar market prices, market support has weakened, and new order quotations have generally remained stable. Downstream suppliers are cautious about accepting orders, adopting a wait-and-see approach, and are primarily focused on replenishing existing demand. Furthermore, with expectations of a decline in downstream operating rates, pressure on new order negotiations is increasing. Prices will remain stable in the short term.
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