Carbon black: Market remains flat at high levels
01 Carbon Black Index
According to data from TuDuoDuo, the carbon black price index was 7459 on August 4th, remaining stable compared to the previous trading day.
02 Carbon Black Market Price
03 Analysis of Factors Affecting the Carbon Black Market
1. Upstream Raw Materials: Coal tar prices in Shandong were 4100 yuan/ton; in Shanxi, 4310 yuan/ton; and in Hebei, 4180 yuan/ton. The domestic high-temperature coal tar market remained stable with a wait-and-see attitude, and the tight supply and demand situation continued. Therefore, coal tar prices are expected to maintain an upward trend in the short term.
2. Carbon Black Supply: The operating rate of sample enterprises in the domestic carbon black market declined. During the period, a plant in Shanxi underwent maintenance, and a plant in Shandong had planned maintenance. Other major plants operated normally, resulting in a decline in the market's operating rate.
3. Downstream Demand: It is understood that most tire manufacturers are operating stably, and some companies that underwent maintenance have resumed production as planned. A few companies have slightly delayed their resumption of operations, resulting in overall shipments falling short of expectations and insufficient orders. Additionally, some companies have maintenance schedules in place, leading to a continued weak supply. Companies are primarily managing production flexibly.
04. Market Outlook
Currently, the coal tar market is maintaining a wait-and-see approach, but the tight supply and demand situation persists, keeping market prices on an upward trend. Cost support remains, and the carbon black market is seeing relatively strong new orders, with offers at high levels. However, actual transactions are limited, mainly small-volume deals. In the short term, the potential for further increases in raw material prices is limited, and the carbon black market is expected to consolidate at high levels with narrowing price fluctuations.
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