Carbon Black Prices Rise Firmly
01 Carbon Black Index
According to Tuduoduo data, the carbon black price index on September 3rd was 6498, up 13.5% from the previous trading day.
02 Carbon Black Market Price
Today's carbon black market price saw a steady increase. As of now, the price of mainstream N330 carbon black products is 6600 yuan/ton in Shandong; 6250 yuan/ton in Shanxi; 6450 yuan/ton in Hebei; 6600 yuan/ton in Guangzhou; and 6650 yuan/ton in Zhejiang.
03 Carbon Black Market Impact Analysis
1. Upstream Raw Materials: Coal tar prices are 3550 yuan/ton in Shandong; 3450 yuan/ton in Shanxi; and 3510 yuan/ton in Hebei. The domestic high-temperature coal tar market is currently on the sidelines, with a strong bearish sentiment.
2. Carbon Black Supply: Carbon black plant operating rates have declined. Several major plants in the main producing areas of Shandong and Shanxi have suspended operations for maintenance, and some plants have shut down production lines for maintenance, leading to a decline in the overall market operating rate.
3. Downstream Demand: Temporary shutdowns of some plants in the main producing area of Dongying have dragged down operating rates. Most plants will restart in the next two days. Overall shipments were average at the beginning of the month, and most companies have sufficient inventory.
April Market Forecast
So far, new order quotations in the carbon black market have remained firm, with some new order prices increasing. The domestic high-temperature coal tar market is currently adopting a wait-and-see approach, with a strong bearish sentiment within the market. Following the rise in market quotations, downstream resistance has been evident, with the focus on replenishing stocks due to urgent needs. Trading volume at high levels is low, but carbon black production is operating at significant losses given the high costs. Market quotations remain firm, and the market outlook is expected to maintain strong prices.
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