Carbon Black Market Sep 30th Report
01 Carbon Black Index
According to Tuduoduo data, the carbon black price index on September 30th was 6394.5, 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 6,400 yuan/ton in Shandong; 6,200 yuan/ton in Shanxi; 6,500 yuan/ton in Hebei; 6,600 yuan/ton in Guangzhou; and 6,400 yuan/ton in Zhejiang.
03 Carbon Black Market Impact Analysis
1. Upstream Raw Materials: Coal tar prices in Shandong are 3,430 yuan/ton; in Shanxi, 3,410 yuan/ton; and in Hebei, 3,450 yuan/ton. The high-temperature coal tar market is experiencing a stable transition, with coking plants selling off two to three weeks of inventory. Prices are stable before the holiday.
2. Carbon Black Supply: Carbon black companies are operating at higher capacity. A major plant in Shandong is gradually resuming operations, while companies in other regions are operating at lower capacity. The resumption of operations by some companies has boosted carbon black production rates during the week, while some companies plan maintenance during or after the holiday, thus temporarily maintaining production capacity.
3. Downstream Demand: As maintenance approaches, most companies are gradually wrapping up their operations, leading to a reduction in tire production and supply. Foreign trade sales remain concentrated at the end of the month, while domestic sales are primarily focused on filling previous orders. Overall, production is decreasing at the end of the month, while shipments are increasing. Finished goods inventory is expected to decline.
April Market Forecast
So far, the carbon black market has been quiet before the holiday, with most companies maintaining shipments of previous orders. With some downstream tire companies undergoing maintenance during the holiday, market demand has declined. A decline in the raw material market is expected after the holiday, and negative cost factors are emerging. Industry players are bearish on the outlook, with new orders mostly awaiting negotiation after the holiday. The pre-holiday market is generally stable and wait-and-see.
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