Carbon Black Price Index Rises
01 Carbon Black Index
According to Tuduoduo data, the carbon black price index on September 1st was 6367.5, up 22.5 points from the previous trading day.
02 Carbon Black Market Price
Today's carbon black market price remained generally stable, with slight increases in some regions. As of now, the price of mainstream N330 carbon black product is 6350 yuan/ton in Shandong and 6150 yuan/ton in Shanxi, up 100 yuan/ton from the previous trading day; 6450 yuan/ton in Hebei, 6600 yuan/ton in Guangzhou, and 6450 yuan/ton in Zhejiang.
03 Carbon Black Market Impact Analysis
1. Upstream Raw Materials: Coal tar prices in Shandong are 3550 yuan/ton; in Shanxi, 3450 yuan/ton; and in Hebei, 3510 yuan/ton. The domestic high-temperature coal tar market continues its downward trend.
2. Carbon Black Supply: Carbon black companies are experiencing a decline in operating rates. Several major plants in key production areas, including Shandong and Shanxi, have shut down for maintenance, and some companies have also shut down production lines for maintenance, leading to a decline in the overall market operating rate.
3. Downstream Demand: Currently, most full-steel tire companies are operating at a stable rate. Some companies with planned maintenance at the end of the month are continuing production to reserve some inventory. Currently, inventories are low for most companies, and foreign trade orders remain healthy. Overall order performance at the beginning of the next month is relatively unchanged compared to August, providing some support for production.
April Market Forecast
Currently, the raw material coal tar market is weak, with no cost support. Furthermore, some downstream companies are undergoing maintenance at the end of the month and the beginning of the month. Following the price increase, purchases are primarily based on immediate demand. The carbon black market is operating at a loss, with a strong price-supporting sentiment in the market and a stalemate in new order negotiations.
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