Carbon Black Market Stability on August 4th
01 Carbon Black Index
According to Tuduoduo data, the carbon black price index on August 4th was 6279.75, 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 6,350 yuan/ton in Shandong; 5,900 yuan/ton in Shanxi; 6,450 yuan/ton in Hebei; 6,600 yuan/ton in Guangzhou; and 6,300 yuan/ton in Zhejiang.
03 Carbon Black Market Impact Analysis
1. Upstream Raw Materials: Coal tar prices are 3,650 yuan/ton in Shandong; 3,670 yuan/ton in Shanxi; and 3,680 yuan/ton in Hebei. Positive factors in the domestic high-temperature coal tar market are gradually being absorbed. The coal tar market is currently firm in the short term, but the momentum for further growth is insufficient.
2. Carbon Black Supply: Carbon black manufacturers' operating rates have seen a slight increase, with some manufacturers with low operating rates increasing their operations. However, as market losses widen, some companies have also reduced production. However, previous orders are being delivered, limiting fluctuations in operating rates.
3. Downstream Demand: It is understood that the resumption of operations at companies undergoing maintenance will have a certain impact on overall operating rates. However, some companies have scheduled maintenance at the beginning of the month, resulting in differentiated production schedules. Overall operating rates are primarily subject to small adjustments, limiting potential for improvement.
Market Forecast for April
Currently, the raw material market is operating at a high level, and the carbon black industry is experiencing significant losses. This has led to price increases from manufacturers, and downstream tire manufacturers are expected to see a decline in operating rates. Furthermore, with a large number of previous purchase orders, the price increase for new orders has limited delivery volume, increasing market pressure and a generally tepid atmosphere for new order negotiations. New order quotations in the domestic carbon black market remain stable.
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