Carbon Black Market Oct 10th Update
01 Carbon Black Index
According to Tuduoduo data, the carbon black price index on October 10th 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 price of mainstream N330 carbon black products 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 3,430 yuan/ton; in Shanxi, 3,410 yuan/ton; and in Hebei, 3,455 yuan/ton. The high-temperature coal tar market fluctuated narrowly, and new auction prices showed mixed increases and decreases across regions.
2. Carbon Black Supply: Carbon black companies are operating at higher rates. A major plant in Shandong is gradually resuming operations, while companies in other regions are operating at lower rates. The resumption of operations at some companies has boosted carbon black production rates during the week, while some companies plan maintenance during or after the holiday, thus maintaining their equipment.
3. Downstream Demand: Sample companies that underwent maintenance during the "National Day" holiday have resumed work and production as planned, and plant production is gradually recovering. Overall shipment performance fell short of expectations during the holiday, and finished product inventory reduction was slow.
04 Market Forecast
Currently, the carbon black market is experiencing general trading sentiment. Although downstream tire plant maintenance is gradually resuming, downstream companies are not enthusiastic about accepting shipments and remain resistant to upstream prices. Bidding for raw material coal tar has seen narrow increases, providing insufficient market momentum. The carbon black market is expected to remain stable.
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