Carbon Black Market on July 30
01 Carbon Black Index
According to Tuduoduo data, the carbon black price index on July 30th 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 product 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 in Shandong are 3,450 yuan/ton; in Shanxi, 3,580 yuan/ton; and in Hebei, 3,460 yuan/ton. The domestic high-temperature coal tar market remains on the sidelines, with new orders still primarily coming from the southwest region.
2. Carbon Black Supply: Carbon black plant operators in major producing areas are experiencing a slight increase in operating rates, pushing up carbon black market prices. Previously low-priced orders are being delivered, and with rising raw material prices, expectations of future price increases are also growing. This has increased manufacturers' enthusiasm for production, with some in Hebei and Shanxi provinces increasing their operating rates. This has boosted the overall market operating rate.
3. Downstream Demand: It is understood that some semi-steel and full-steel tire manufacturers are still entering the final stages of production and will gradually halt operations in the near future. An increasing number of companies are undergoing maintenance, further dragging down the overall operating rate. At the end of the month, domestic and foreign shipments are relatively concentrated, which to some extent is beneficial for reducing finished product inventory.
04 Market Forecast
Currently, the raw material coal tar market is showing a price-supporting trend, with favorable cost sentiment. Some major manufacturers still expect prices to rise. New orders are currently under negotiation, but achieving price increases on actual orders is becoming increasingly difficult. The pricing of new tire orders is currently underway, with upstream and downstream negotiations playing out. We will continue to monitor the new tender prices for raw material coal tar for guidance. In the short term, new order quotations in the domestic carbon black market remain high.
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