Carbon Black Market Report (March 4)
01 Carbon Black Index
According to data from TuDuoDuo, the carbon black price index was 6981.5 on March 4th, 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 3865 yuan/ton; in Shanxi, 3790 yuan/ton; and in Hebei, 3805 yuan/ton. The domestic high-temperature coal tar market remained firm at high levels, with strong bullish expectations. A significant price increase is expected in the short term.
2. Carbon Black Supply: The operating rates of sample carbon black companies are gradually increasing. Some companies that had reduced production lines after the holiday have gradually returned to normal. During the Spring Festival, the focus was mainly on fulfilling orders. Smaller factories have not yet fully recovered. Overall, the market operating rate is rising.
3. Downstream Demand: It is understood that most all-steel tire manufacturers have resumed production at normal levels. Overall sales after the holiday were average, and the remaining inventory from the previous period limited the extent to which some companies could increase their operating rates after the holiday. Following the post-holiday dealer order fairs, enterprise shipments were acceptable. Entering March, the focus shifted to fulfilling previously placed orders, resulting in a slower pace of shipments compared to the end of last month.
04 Market Outlook
Currently, there are few new tenders for raw material coal tar, but there are still expectations of price increases for new orders in the short term. This is beneficial for new order negotiations in the market. After the increase in new order offers, downstream inquiries have rebounded, and some new orders have been completed. Market negotiations are relatively cautious, and the positive factors supporting the market suggest that new orders will remain relatively strong.
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