Carbon Black Market in October 2025

October 29, 2025, 9:47 AM
TDD-global
4187
Guide
Highlights at a glance
In October, the carbon black market saw a continued downward price trend due to weak demand and declining raw material costs. Average N330 prices ranged from 6,000 to 6,436 yuan/ton across regions, with market sentiment bearish as downstream tire makers focused on fulfilling existing contracts rather than new purchases. Despite stable operating rates at 67.68%, profit margins narrowed, reaching an average loss of 264 yuan/ton in Shandong. Raw material coal tar prices declined, offering little cost support. Downstream tire production rebounded post-National Day, but overall demand remained sluggish. China’s October carbon black output is expected at 487,200 tons, down 2.19% MoM. Imports fell sharply to 17,900 tons in September (-34.26% MoM), while exports totaled 85,800 tons, contributing to a strong year-to-date export growth of 45.19%. The market faces ongoing downward pressure, with limited recovery expected next month.
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