Carbon Black Market Weekly Analysis
Carbon Black Market Analysis
Carbon Black Market Price Analysis
This week, domestic carbon black prices showed a slight downward trend in some regions. As of Thursday, prices were 6,100 yuan/ton in Shandong; 6,000 yuan/ton in Shanxi; 6,300 yuan/ton in Hebei; 6,400 yuan/ton in Guangzhou; and 6,200 yuan/ton in Zhejiang. Following a series of declines in raw material coal tar bidding prices during the week, costs have had a negative impact on the market.
Furthermore, with new order quotations falling on the market, downstream suppliers are taking a bearish approach to bids and are holding down prices. However, the carbon black market is suffering significant losses, and further margin concessions are currently limited. Negotiations are primarily being conducted at a low level, and new orders in the domestic carbon black market are trading at a low level.
Carbon Black Market Index Analysis
According to Tuduoduo data, the carbon black price index was 6,173.5 as of October 16, down 221 points from the previous cycle.
Carbon Black Market Forecast
In the next cycle, with the decline in raw material coal tar prices and the negative market conditions, carbon black prices are expected to decline.
Carbon Black Industry N330 Profit Analysis
Challenged carbon black prices are low, and raw material prices have declined slightly, but cost pressures remain, and the carbon black market remains in a loss-making state. As of now, the carbon black industry's theoretical weekly profit is -320 yuan/ton, down 172 yuan from last week.
This Week's Market Operating Rate Statistics
Carbon Black Market Operating Rate Analysis
Downstream Market Operating Rate Analysis
China's semi-steel tire operating rate is 71%. China's full-steel tire operating rate is 64%.
Recently, plant capacity utilization has generally returned to normal levels, with some companies experiencing slight declines compared to pre-holiday levels. Overall, current shipments are flat, and inventory reserves are sufficient to meet normal delivery demand.
The price increase factor has a two-sided effect: companies that have already implemented price increases have seen a slowdown in shipments, while companies that have announced price increases but haven't yet implemented them have seen a slight boost in shipments. Market demand is generally weak, and industry players are taking a wait-and-see approach to price increases. In the short term, the price increase will have limited impact on market demand.
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