Carbon Black Market Stabilizes Amid (May 19)
01 Carbon Black Index
According to data from TuDuoDuo, the carbon black price index was 6990.5 on May 19th, 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 3750 yuan/ton; in Shanxi, 3760 yuan/ton; and in Hebei, 3750 yuan/ton. The domestic high-temperature coal tar market remained stable with a wait-and-see attitude, while downstream operations remained high overall, indicating some positive factors in the market and suggesting the downward trend may be ending.
2. Carbon Black Supply: The operating rate of sample enterprises in the domestic carbon black market increased. A large factory in Shandong resumed normal production, while some enterprises underwent maintenance. Enterprises in Shanxi and Hebei operated normally, leading to an increase in the operating rate of carbon black plants.
3. Downstream Demand: It is understood that most enterprises' facilities are operating stably, and some all-steel tire manufacturers that underwent maintenance have restarted their facilities, with production gradually recovering. To control costs, production will gradually increase to high levels in the coming days. The supply of all-steel tires is ample, but overall shipments are weak, and overall inventory continues to rise slightly.
04. Market Outlook
As of now, no new coal tar tenders have been issued, and the market is in a wait-and-see mode. However, recent market positives have emerged, and costs may strengthen. Downstream procurement negotiations for new orders are stalled, with the market mainly focused on fulfilling existing contracts. The atmosphere for new order negotiations is subdued, and the market is expected to maintain a narrow range of fluctuations in the near term.
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