Carbon Black Market Aug & Sep
Carbon Black Market Analysis
In August, carbon black market prices showed an upward trend within a narrow range. As of August 29th, the average monthly price of mainstream N330 carbon black was 6,350 yuan/ton in Shandong; 5,900 yuan/ton in Shanxi; 6,450 yuan/ton in Hebei; 6,600 yuan/ton in Guangzhou; and 6,375 yuan/ton in Zhejiang.
The carbon black market remained relatively stable for most of this month, with relatively limited price increases. Mid-month, the raw material coal tar market in major producing areas rebounded, with favorable cost factors supporting market quotations.
Some major manufacturers raised prices, while others anticipated price increases, awaiting guidance from subsequent raw material market increases. However, actual market order increases have yet to materialize. Inquiries in the downstream tire market have rebounded, driven primarily by immediate demand for inventory replenishment.
Market negotiations remained stagnant. Driven by the raw material market, new orders showed a slight upward trend. However, the decline in raw material prices has negatively impacted the market, causing the upward trend to stagnate. However, due to recent major events, some companies have restricted production, reducing on-site supply. Manufacturers' quotations have generally remained stable.
Downstream tire companies are negotiating new orders, primarily driven by urgent demand to replenish inventory. Trading volume at high levels is limited. Furthermore, the carbon black market is operating at a loss, with manufacturers mostly maintaining prices to ship, and the carbon black market is generally stable.
Market Forecast:
Next month, raw material coal tar will show a weak trend, with limited cost support. However, manufacturers are strongly willing to maintain prices and are pushing up quotations. The market's increase remains to be determined, and new carbon black orders are expected to see prices rise.
Comparison of Monthly Average Carbon Black Prices
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