Carbon Black Market Oct 24th
01 Carbon Black Index
According to Tuduoduo data, the carbon black price index on October 24th was 6046, stable compared to the previous trading day.
02 Carbon Black Market Price
03 Carbon Black Market Impact Analysis
1. Upstream Raw Materials: Coal tar prices in Shandong Province were 3,290 yuan/ton; in Shanxi Province, 3,200 yuan/ton; and in Hebei Province, 3,200 yuan/ton. The high-temperature coal tar market continued its downward trend, and the sluggish market outlook remains unchanged.
2. Carbon Black Supply: Carbon black companies' operating rates have declined. Some companies in Shandong and Shanxi are planning maintenance, resulting in lower operating rates. Other companies are operating at reduced capacity. With the turn for the colder weather, some companies are tasked with ensuring supply, and subsequent operating fluctuations are expected to narrow further.
3. Downstream Demand: Raw material prices fluctuated slightly, and tire raw material costs remained generally stable. In the second half of the month, most companies maintained stable pricing policies, and trading flexibility remained unchanged. Some companies may soon introduce their next-month policies, but more companies are adopting a wait-and-see approach, and prices remain stable.
04 Market Forecast
As of now, new orders in the raw material coal tar market are showing a weak trend. Cost support is currently lacking, market-negotiated prices continue to decline, downstream purchasing enthusiasm is low, and pressure to reduce inventory in the carbon black market is increasing. New orders are expected to remain weak in the short term.
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