Carbon Black Market Oct 11th Update
01 Carbon Black Index
According to Tuduoduo data, the carbon black price index on October 11th was 6273.5, down 121 points from the previous trading day.
02 Carbon Black Market Price
Today's carbon black market price showed a significant decline. As of now, the price of mainstream N330 carbon black product is 6200 yuan/ton in Shandong; 6100 yuan/ton in Shanxi; 6400 yuan/ton in Hebei; 6500 yuan/ton in Guangzhou; and 6300 yuan/ton in Zhejiang.
03 Carbon Black Market Impact Analysis
1. Upstream Raw Materials: Coal tar prices in Shandong are 3430 yuan/ton; 3410 yuan/ton in Shanxi; and 3455 yuan/ton in Hebei. The high-temperature coal tar market is fluctuating within a narrow range, with prices fluctuating across regions due to varying downstream demand.
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 by 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: Tire companies, which underwent maintenance during the National Day holiday, are mostly in the final stages of completing their equipment. Some semi-steel tire companies are experiencing significant stockouts, leading to delayed order shipments. A small number of companies are operating as normal during the holiday to meet order demand, while many companies are flexibly adjusting their production schedules based on their order book. Shipments are concentrated at the end of the month, allowing companies to deplete their inventory.
04 Market Forecast
So far, the raw material market has seen a narrow rise, but this has provided limited support for carbon black. Tire companies have gradually resumed operations, but purchasing enthusiasm is low, with limited new order negotiations. Furthermore, market negotiations are mostly characterized by low prices, which is bearish for market discussions and insufficient positive market conditions. We anticipate a weakening carbon black market.
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