Carbon Black Market on August 6th
01 Carbon Black Index
According to Tuduoduo data, the carbon black price index on August 6th was 6279.75, 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 6,350 yuan/ton in Shandong; 5,900 yuan/ton in Shanxi; 6,450 yuan/ton in Hebei; 6,600 yuan/ton in Guangzhou; and 6,300 yuan/ton in Zhejiang.
03 Carbon Black Market Impact Analysis
1. Upstream Raw Materials: Coal tar prices are 3,650 yuan/ton in Shandong; 3,670 yuan/ton in Shanxi; and 3,680 yuan/ton in Hebei. The favorable factors in the domestic high-temperature coal tar market are gradually being absorbed, and the coal tar market is in a wait-and-see mood.
2. Carbon Black Supply: Carbon black manufacturers' operating loads have increased slightly, with some manufacturers with low operating rates increasing their operations. However, as market losses widen, some companies have also reduced production. However, previous orders are being delivered, limiting fluctuations in operating rates.
3. Downstream Demand: It is understood that most companies' operating rates continued to remain stable at the beginning of the month. Some all-steel tire manufacturers, impacted by inventory shortages, have slightly increased their operating rates to meet order demand. Currently, companies undergoing maintenance have not yet resumed work, which still limits the overall increase in operating rates.
04 Market Forecast
So far, there have been few new orders in the raw material coal tar market. After Anhui Linhuan coal tar stabilized, the on-site cost price has entered a period of stalemate and consolidation. The carbon black market has recently suffered significant losses, and manufacturers' quotations have remained firm. New orders are being negotiated, but generally remain stable.
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