Carbon Black Market Outlook Bearish (June 9)
01 Carbon Black Index
According to data from TuDuoDuo, the carbon black price index was 7380 on June 9th, 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 4200 yuan/ton; in Shanxi, 4260 yuan/ton; and in Hebei, 4200 yuan/ton. The domestic high-temperature coal tar market was mainly consolidating and observing. With continuous market increases, downstream buying enthusiasm weakened, leading to a dilemma of whether prices would rise or fall.
2. Carbon Black Supply: The operating rates of sample enterprises in the domestic carbon black market saw narrow adjustments. Some large plants increased their operating rates. Maintenance shutdowns at some enterprises in North and East China offset some of the changes in plant operation data. Overall, the operating rate of plants fluctuated within a limited range, showing a narrow upward trend.
3. Downstream Demand: It is understood that most semi-steel tire manufacturers that underwent maintenance earlier have resumed production. However, overall shipments are generally weak, and overseas order demand has weakened, especially for companies with a large market share in the EU and other regions, where production schedules have declined significantly. Furthermore, considering the pressure from high raw material prices, some companies are limiting the output of economy products, further dragging down the overall supply.
04. Market Outlook
As of now, the market outlook for raw material coal tar has not yet been released, but coal tar prices are trending downwards. From a cost perspective, the current sentiment is clearly bearish. Carbon black prices are high, and downstream purchasing enthusiasm is low, awaiting guidance on new orders. Both supply and demand are relatively weak, and there is a possibility of a decline in new carbon black orders.
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