Carbon Black Market Update (June 2)
01 Carbon Black Index
According to data from TuDuoDuo, the carbon black price index was 7077.5 on June 2nd, remaining stable compared to the previous trading day.
02 Carbon Black Market Price
03 Analysis of the Impact on the Carbon Black Market
1. Upstream Raw Materials: Coal tar prices in Shandong were 4060 yuan/ton; in Shanxi, 4050 yuan/ton; and in Hebei, 4050 yuan/ton. The domestic high-temperature coal tar market is currently consolidating and observing, but downstream demand is strong, and the market is expected to maintain an upward trend in the short term.
2. Carbon Black Supply: The operating rate of sample enterprises in the domestic carbon black market has slightly decreased. Large factories in East China are undergoing maintenance, while some enterprises in Shandong have increased their operating rates. Large factories in Shanxi and Hebei are maintaining normal operations, while some small factories are still under maintenance.
3. Downstream Demand: It is understood that some semi-steel tire manufacturers underwent maintenance at the beginning of the month, while most other enterprises maintained stable production. Some enterprises, however, have reduced production due to order disruptions. Overall, the operating rate of semi-steel tire manufacturers is expected to decline, with slow shipments and some companies experiencing an increase in overall inventory.
04 Market Outlook
As of now, new orders for raw material coal tar continue to show a relative upward trend, with costs remaining favorable for market quotations. However, downstream buyers still show significant resistance to high-priced goods. In the short term, the price of new carbon black orders will continue to be guided by the actual increase in the price of raw material coal tar. While new order quotations remain high, the upward trend in carbon black prices may slow down in the near term due to downstream demand.
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