Carbon Black Weekly Report (May 28)

Carbon Black Market Analysis

1.1 Carbon Black Market Price Analysis

This week, domestic carbon black prices showed a significant upward trend. As of Thursday, prices were 7400 yuan/ton in Shandong; 7000 yuan/ton in Shanxi; 7400 yuan/ton in Hebei; 7400 yuan/ton in Guangzhou; and 7400 yuan/ton in Zhejiang. The raw material coal tar market saw a significant increase in costs this week, which benefited new order negotiations. Carbon black companies also began to raise their quoted prices. However, downstream procurement negotiations were incomplete, with a strong wait-and-see attitude prevailing. Actual transaction volume in the market was limited, and the price increase for new carbon black orders was relatively significant.

1.2 Carbon Black Market Index Analysis

According to data from TuDuoDuo, as of May 28th, the carbon black price index was 7310, an increase of 395.25 compared to the previous period.

2. Raw Material Market Analysis

2.1 Weekly Average Price Analysis of Coal Tar

The domestic high-temperature coal tar market saw mixed price movements this week, but mostly maintained an upward trend. The significant increase in new order auction prices in Inner Mongolia at the beginning of the week kicked off the week's upward trend in the coal tar market. As auction prices in major producing areas were successively announced, the coal tar market officially entered an upward trend. Furthermore, new order auction prices for downstream deep-processed products also mostly increased, especially for industrial naphthalene, which saw a substantial rise. Currently, the coal tar market remains largely bullish, and there is still some upward potential in the short term.

2.2 Weekly Average Price Analysis of Anthracene Oil

The domestic anthracene oil market price continued its upward trend this period. From the cost perspective, the raw material high-temperature coal tar market has room for continued price increases. In addition, a previous coal mine safety incident may have led to a tighter supply of high-temperature coal tar to some extent.

The expectation of further increases in the cost of high-temperature coal tar is strong, providing continued support for the anthracene oil market. Downstream carbon black market operating rates remain high, and new carbon black orders have entered an upward cycle. Demand support is also strengthening. With multiple positive factors on both the supply and demand sides, the anthracene oil market has maintained an upward trend this cycle.

3. Carbon Black Market Outlook

Looking ahead to the next cycle, supported by a significant increase in raw material coal tar prices, new orders in the market are following suit. The cost aspect is favorable for new order negotiations in the region. However, downstream buyers are cautious about negotiating high prices, and actual transaction volume is generally low. In the ongoing negotiation between upstream and downstream, it is expected that actual orders in the carbon black market will gradually follow suit.

4. Carbon Black Industry N330 Profit Analysis

Taking Shandong as an example, with the rise in carbon black market prices, the price of raw material coal tar has also shown an upward trend, and the carbon black market is beginning to show profitability. As of now, the theoretical weekly profit for the carbon black industry is 36 yuan/ton, an increase of 96.5 yuan/ton compared to the previous cycle.

5. Market Operating Rate Statistics This Week

5.1 Carbon Black Market Operating Rate Analysis

5.2 Downstream Market Operating Rate Analysis

The operating rate of semi-steel tires in China is 74%. The operating rate of all-steel tires in China is 68%.

During this period, most semi-steel tire manufacturers maintained stable production. Some manufacturers moderately reduced production to alleviate inventory pressure, resulting in a slower overall shipment pace. For some manufacturers experiencing shortages in the domestic market, the shortage situation is gradually easing, but overall finished product inventory is showing an upward trend, and sales pressure remains.

During this period, overall shipments of all-steel tire manufacturers fell short of expectations. Although some manufacturers planned to raise prices in the latter half of the month, the implementation of price increases faced significant resistance due to weak end-user sales. Finished product inventory increased, and many manufacturers continued to control production, resulting in overall pressure on production and sales and a weak market trend.

Our platform connects hundreds of verified Chinese chemical suppliers with buyers worldwide, promoting transparent transactions, better business opportunities, and high-value partnerships. Whether you are looking for bulk commodities, specialty chemicals, or customized procurement services, TDD-Global is trustworthy to be your fist choice.