Carbon Black Market Forecast and Trends
01 Carbon Black Index
According to Tuduoduo data, the carbon black price index on September 23rd was 6394.5, stable compared to the previous trading day.
02 Carbon Black Market Price
Today's carbon black market price remained stable. As of now, the mainstream price of N330 carbon black product is 6,400 yuan/ton in Shandong; 6,200 yuan/ton in Shanxi; 6,500 yuan/ton in Hebei; 6,600 yuan/ton in Guangzhou; and 6,400 yuan/ton in Zhejiang.
03 Carbon Black Market Impact Analysis
1. Upstream Raw Materials: Coal tar prices in Shandong are 3,500 yuan/ton; 3,520 yuan/ton in Shanxi; and 3,520 yuan/ton in Hebei. The domestic high-temperature coal tar market is currently on the sidelines, with no new transaction prices reported on the exchange.
2. Carbon Black Supply: Carbon black plant operating rates are consolidating within a narrow range. Some plants in Shanxi and Shandong are experiencing a slight increase in low-level operating rates, while plants in Shandong are still undergoing maintenance. Market operating rates fluctuated limitedly during the week.
3. Downstream Demand: Plant operating rates are generally stable, and shipments have not seen a significant improvement. Some plants are rumored to be suspending operations for the National Day holiday, but it is unclear whether most plants are currently undergoing maintenance. Most plants have sufficient inventory, and shipping pressure remains.
Market Forecast for April
As of now, no new orders have been placed in the raw material coal tar market, and pre-holiday stocking sentiment is subdued, providing limited support for cost markets. Furthermore, downstream tire plants are also scheduled for maintenance during the holiday period. Currently, restocking sentiment is subdued, with purchases primarily focused on just-in-time needs. Orders are also maintaining previous prices. Driven by demand, new orders in the carbon black market are generally stable.
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