Carbon black: The weak trend is set (June 16)
01 Carbon Black Index
According to data from TuDuoDuo, the carbon black price index was 7338 on June 16th, remaining stable compared to the previous trading day.
02 Carbon Black Market Price
03 Analysis of Factors Affecting the Carbon Black Market
1. Upstream Raw Materials: Coal tar prices in Shandong were 4050 yuan/ton; in Shanxi, 4090 yuan/ton; and in Hebei, 4050 yuan/ton. The domestic high-temperature coal tar market is mainly in a wait-and-see mode. As previous positive factors are gradually digested, the coal tar market still has some room for decline.
2. Carbon Black Supply: The operating rates of sample enterprises in the domestic carbon black market have declined and adjusted. Some large factories in East China have reduced their operating rates, while some small factories in Northwest China and Shandong are still undergoing maintenance. Affected by the significant pressure to ship goods in the market, the operating rates of some enterprises are expected to decline further.
3. Downstream Demand: It is understood that most semi-steel tire manufacturers are affected by reduced export orders and insufficient domestic sales, leading to lower production schedules. While overall shipments are below expectations, and although companies have reduced production to varying degrees, overall inventory remains at a relatively high level, and the pressure on production and sales remains.
A few companies are employing flexible sales policies, resulting in a slight improvement in shipments. However, most companies are finding it increasingly difficult to maintain inventory levels, and some companies may have maintenance schedules scheduled for the latter half of the month.
04. Market Outlook
Currently, the price of raw material coal tar is declining, and the cost side continues to be bearish for the market. Downstream purchasing enthusiasm is low, with many adopting a wait-and-see attitude. Trading volume is limited, and the market is characterized by a strong wait-and-see atmosphere. New orders are expected to remain weak in the short term.
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