Carbon Black Market: Status & Forecast
01 Carbon Black Index
According to Tuduoduo data, the carbon black price index on August 5th 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. The favorable factors in the domestic high-temperature coal tar market are gradually being absorbed, and the coal tar market is in a wait-and-see mood.
2. Carbon Black Supply: Carbon black companies saw a slight increase in operating loads, with some manufacturers with low operating rates increasing their operations. However, as market losses widened, some companies also reduced production. However, previous orders are being delivered, limiting fluctuations in operating levels.
3. Downstream Demand: It is understood that some semi-steel tire companies reduced production and supply at the beginning of the month, resulting in insufficient overall order performance. Companies flexibly adjusted production schedules based on their order situation. Some companies implemented promotional policies at the beginning of the month, resulting in acceptable shipments, while others saw only average shipments. Overall, the situation was differentiated, and some companies were experiencing stock shortages due to production scheduling factors.
Market Forecast for April
As of now, the raw material market may be weak this week, which will have a negative impact on the market. Furthermore, the upward trend in new carbon black orders has not yet materialized, leading to significant downstream resistance. Trading at high levels is limited, and low-priced orders on the market are still being executed. This has increased market pressure and led to a stalemate in new order negotiations. High bids are expected to fall this week.
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