Carbon Black Price & Profit Analysis

November 14, 2025, 10:37 AM
TDD-global
2014
Guide
Highlights at a glance
Domestic carbon black prices slightly declined at week's end, with regional variations: Shandong at 5,650 yuan/ton, Shanxi 5,700, Hebei 5,890, Guangzhou 6,050, and Zhejiang 5,900. The coal tar market showed mixed trends—strong gains in East China auctions, but limited activity elsewhere, fostering market caution. Despite rising costs boosting new order quotes, weak transaction volumes and downstream resistance to high prices persist. The carbon black price index reached 5,808.5 on November 13, up 89.5 from prior. Coal tar prices surged in Shandong but remain unsettled in other regions; anthracene oil markets reflect similar volatility, with holders pushing for hikes amid hesitant demand. Looking ahead, cost pressures may drive price increases, yet actual transactions remain uncertain. Carbon black N330 profitability improved slightly to -308 yuan/ton from -396, though margins remain negative due to lagging product price growth versus raw material costs. Operating rates are rising, supported by resumed production in Shandong and Shanxi and higher heating-season output, though some firms still run low. Downstream, semi-steel tire operations held steady at 73%, while all-steel tire rates dipped to 64% due to scheduled maintenance.