Carbon black: Weakening costs (July 8)
01 Carbon Black Index
According to data from TuDuoDuo, the carbon black price index was 7629.5 on July 8th, 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 4170 yuan/ton; in Shanxi, 4370 yuan/ton; and in Hebei, 4250 yuan/ton. The domestic high-temperature coal tar market remains largely in a wait-and-see mode. With increasing negative factors, the coal tar market is unlikely to remain firm, and a decline in price is more probable.
2. Carbon Black Supply: The operating rate of sample enterprises in the domestic carbon black market has declined. Some enterprises in Shandong and Shanxi have reduced their operating rates. A large factory in East China is still under maintenance. Some enterprises have adjusted their production lines. High raw material prices have reduced the market's willingness to operate.
3. Downstream Demand: It is understood that some enterprises that had undergone maintenance have restarted their equipment, providing some support to the tire industry's supply. However, some enterprises still have long maintenance periods, dragging down the overall supply increase. Overall, shipments were slow at the beginning of the month, with most companies continuing their previous policies. High-priced raw material inventory pressures resulted in insufficient overall profits, and companies still face pressure to ease policy restrictions.
04 Market Outlook
Currently, the raw material coal tar market is expected to decline from its high levels, leading to increased negotiation pressure in the region. Downstream buyers are maintaining only essential demand and are mostly negotiating with lower prices. Further price increases in the raw material market are difficult, and shipments at high prices are sluggish. New orders for carbon black are also expected to decline to some extent.
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