Carbon Black Market October 13th
01 Carbon Black Index
According to Tuduoduo data, the carbon black price index on October 13th was 6273.5, 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 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. Fundamental upward momentum remains insufficient, and the market is expected to perform slightly stronger.
2. Carbon Black Supply: Carbon black manufacturers are operating at higher capacity. A major plant in Shandong is gradually resuming operations, while other manufacturers are operating at lower capacity. The resumption of operations by some manufacturers has boosted carbon black production rates during the week, while some are planning maintenance during or after the holidays, thus temporarily maintaining their production capacity.
3. Downstream Demand: The semi-steel tire market coincided with the "Double Festival" holiday, with increased private car travel boosting end-user demand. This resulted in a significant increase in shipments to end-user stores and increased supply through the channel. For full-steel tires, most vendors took short holidays due to the "Double Festival" holiday, resulting in lower transaction volumes. Most vendors are primarily focused on clearing inventory, with restocking delayed.
04 Market Forecast
Currently, the carbon black market has seen limited cost-driven momentum. Although downstream tire manufacturers have gradually resumed operations, their enthusiasm for raw material procurement is low. Market participants are primarily focused on fulfilling pre-holiday contracts, leading to declining new order prices. Downstream demand is prevalent, with limited delivery volumes. This negative market outlook is significantly negative, providing limited support for new orders in the carbon black market.
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