Carbon Black Market September 9 Update
01 Carbon Black Index
According to Tuduoduo data, the carbon black price index on September 9th was 6479.25, 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 products is 6,500 yuan/ton in Shandong; 6,250 yuan/ton in Shanxi; 6,600 yuan/ton in Hebei; 6,600 yuan/ton in Guangzhou; and 6,500 yuan/ton in Zhejiang.
03 Carbon Black Market Impact Analysis
1. Upstream Raw Materials: Coal tar prices in Shandong are 3,450 yuan/ton; in Shanxi, 3,400 yuan/ton; and in Hebei, 3,465 yuan/ton. The domestic high-temperature coal tar market is generally on the sidelines, with market activity sluggish at the beginning of the week.
2. Carbon Black Supply: Carbon black manufacturers' operating rates have declined. Some manufacturers in Shandong and Shanxi have suspended operations for maintenance, and those previously undergoing maintenance have not yet resumed operations, resulting in a decline in market operating rates during the week.
3. Downstream Demand: Semi-steel tire manufacturers are currently experiencing generally good order performance. While some companies have been impacted by reduced orders from the EU, the rush to export remains, limiting the overall impact. Furthermore, increased snow tire production during the month has supported companies in maintaining normal operations, leading some companies to slightly increase their production schedules.
Market Forecast for April
Currently, downstream bid prices remain low, and manufacturers are reluctant to ship at low prices. Negotiations remain stagnant, and market pressure remains difficult to alleviate. High prices remain on the market. Some downstream companies are undergoing maintenance, and are taking a wait-and-see approach to receiving shipments. However, there is an expectation of a rebound in the raw material market during the week, and the market is expected to remain weak at its highs.
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