Carbon Black Market Nov 24
01 Carbon Black Index
According to data from TuDuoDuo, the carbon black price index was 5861 on November 24th, remaining stable compared to the previous trading day.
02 Carbon Black Market Price
03 Analysis of the Impact on the Carbon Black Market
1. Upstream Raw Materials: Coal tar prices in Shandong were 3310 yuan/ton; in Shanxi, 3300 yuan/ton; and in Hebei, 3420 yuan/ton. The domestic high-temperature coal tar market is currently maintaining a relatively strong trend, with some room for further upward movement, although the magnitude will be somewhat narrower.
2. Carbon Black Supply: Carbon black plant operating rates have increased slightly. Plants in Shandong and Shanxi, having completed maintenance, are gradually increasing their operating rates. Operating rates in northern regions are at a high level, while the southern market remains at a low level. Overall, the operating rate of carbon black plants shows a slight increase.
3. Downstream Demand: Some maintenance-initiated companies have resumed operations, and production is gradually recovering, which is conducive to a recovery in the overall capacity utilization rate of all-steel tires. However, overall orders are insufficient, and companies may still maintain production control after resuming operations to manage inventory growth.
04. Market Outlook
Currently, the upward trend in the raw material market continues to be favorable to market sentiment, but the positive impact is not strong. Moreover, the pricing strategy of tire companies is exerting strong downward pressure on the carbon black market. Combined with the recent high operating rates and gradual inventory accumulation in the carbon black market, the carbon black market is expected to face significant upward pressure in the short term, with limited actual price increases and a narrow range of price consolidation.
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