Carbon Black Market Supply Increases

01 Carbon Black Index

According to Tuduoduo data, the carbon black price index on October 9th 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 mainstream price of 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 fluctuating within a narrow range, and sporadic new order prices are primarily to compensate for price drops.

2. Carbon Black Supply: Carbon black companies are operating at higher rates. A major plant in Shandong is gradually resuming operations, while companies in other regions are operating at lower rates. 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 holidays, thus maintaining their capacity.

3. Downstream Demand: With the National Day and Holiday holidays over, it is reported that many companies that took advantage of the holiday for maintenance have resumed work and production as planned, leading to an overall upward recovery in capacity utilization. In the new month, some all-steel tire companies announced price increases ranging from 1% to 2%, while others are taking a wait-and-see approach. Due to the holiday, market restocking is limited. Some distributors indicate that current product prices are currently stable, but the possibility of price increases cannot be ruled out.

04 Market Forecast
Currently, tenders for raw material coal tar have been limited. Meanwhile, the downstream tire market has gradually resumed operations after maintenance, leading to an increase in demand. Overall, the spot market is maintaining a wait-and-see attitude, awaiting further news guidance. The carbon black market is expected to remain stable.

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