Carbon black: Market operating weakly (June 23)
01 Carbon Black Index
According to data from TuDuoDuo, the carbon black price index was 7281.5 on June 23, remaining stable compared to the previous trading day.
02 Carbon Black Market Price
03 Analysis of the Impact on the Carbon Black Market
1. Upstream Raw Materials: Coal tar prices in Shandong were 3920 yuan/ton; in Shanxi, 3980 yuan/ton; and in Hebei, 3940 yuan/ton. The domestic high-temperature coal tar market is mainly in a wait-and-see mode. Downstream factories' pressure on prices is expected to gradually ease, and with support from essential demand, the downside potential for the coal tar market is limited.
2. Carbon Black Supply: The operating rate of sample enterprises in the domestic carbon black market has increased slightly. A small factory in Shandong has started production, some large factories are adjusting production lines based on orders, and a large factory in East China is still under maintenance. Overall, the market operating rate has fluctuated within a limited range.
3. Downstream Demand: It is understood that after the holiday, some tire manufacturers that had undergone maintenance have gradually resumed operations, leading to a gradual recovery in tire production. However, pressure to ship goods remains high. To control inventory increases, companies will continue to maintain controlled production. Other companies are still undergoing maintenance, and overall equipment production remains at a relatively low level.
04. Market Outlook
As of now, the decline in the raw material coal tar market has slowed, supported by improved inventory levels. With the end of the month approaching, some downstream buyers also have purchasing demand, which is beneficial for new order negotiations. However, downstream buyers are largely resistant to high prices, leading to a stalemate in market negotiations. It is expected that new orders will remain weak.
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