Carbon Black Market Weekly Report
Carbon Black Market Analysis
1.1 Carbon Black Market Price Analysis
This week, domestic carbon black prices initially rose and then fell. As of Thursday, prices were: Shandong 7900 yuan/ton; Shanxi 7700 yuan/ton; Hebei 8100 yuan/ton; Guangzhou 8000 yuan/ton; and Zhejiang 7900 yuan/ton. New orders for carbon black were high this week.
At the beginning of the week, the high-temperature coal tar market consolidated at high levels, while new orders for coal tar pitch continued to rise. Deep-processing enterprises maintained good profit margins, thus providing strong support for the demand for coal tar. The coal tar market remained favorable in the short term, but further price increases lacked significant upward momentum.
Supported by costs, carbon black prices rose. Towards the end of the week, pressure on new orders in the domestic carbon black market increased. The bidding price for raw material high-temperature coal tar showed a downward trend, creating a cost-side downturn. The risk of high-level carbon black offers increased, downstream operators showed significant resistance, actual transaction volume was generally low, and the market atmosphere was weak, leading to a decline in new order prices for carbon black.
1.2 Carbon Black Market Index Analysis
According to data from TuDuoDuo, as of March 19th, the carbon black price index was 7904, an increase of 49 from the previous period.
2. Raw Material Market Analysis
2.1 Weekly Average Price Analysis of Coal Tar
During this period, the domestic high-temperature coal tar market saw mixed price movements. The market consolidated at high levels, while new orders for coal pitch continued to rise. Deep-processing enterprises maintained good profit margins, thus providing strong support for the demand for coal tar. The market remains favorable in the short term, but further price increases lack significant upward momentum.
Towards the end of the week, due to price declines in small-scale deep-processing products and some resistance from downstream buyers to price increases, the market, lacking positive psychological factors, found it difficult to continue rising and entered a downward trend.
2.2 Anthracene Oil Weekly Average Price Analysis
This period saw insufficient active bidding in the domestic anthracene oil market. New orders for the raw material, high-temperature coal tar, gradually emerged, leading to an overall downward trend. Market participants were already weak, and the implementation of raw material price adjustments further dampened purchasing sentiment. Currently, manufacturers are cautiously testing end-user acceptance intentions, and downstream bids are sluggish. A short-term decline in the anthracene oil market is expected.
3. Carbon Black Market Forecast
Looking ahead to the next period, new order prices in the domestic carbon black market are expected to decline. Following the decline in raw material coal tar bidding prices, negative sentiment is evident in the market, increasing negotiation pressure for new orders. Downstream sentiment is bearish, resulting in a downward trend in new carbon black orders.
4. Carbon Black Industry N330 Profit Analysis
Taking Shandong as an example, carbon black raw material oil prices generally showed an upward trend. With significant pressure on carbon black costs, offers increased broadly, leading to a recovery in the industry's theoretical gross profit. Currently, the theoretical weekly profit for the carbon black industry is 118 yuan/ton, an increase of 139.5 yuan/ton compared to the previous period.
5. Market Operating Rate Statistics This Week
5.1 Carbon Black Market Operating Rate Analysis
5.2 Downstream Market Operating Rate Analysis
The operating rate of semi-steel tires in China is 79%. The operating rate of all-steel tires in China is 72%. Downstream operating rates increased slightly during the period. Price increase news led to concentrated shipments from enterprises, resulting in significant shortages and supporting the overall operating rate. To meet supply, some enterprises slightly increased their output.
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