Carbon Black Market Analysis (February 28)
01 Carbon Black Index
According to data from TuDuoDuo, the carbon black price index was 6745.75 on February 28th, 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 3865 yuan/ton; in Shanxi, 3790 yuan/ton; and in Hebei, 3805 yuan/ton. In the domestic high-temperature coal tar market, downstream operations have rapidly increased, leading to a significant increase in coal tar demand. New orders for coal pitch have risen sharply, exerting a strong pull on the coal tar market.
2. Carbon Black Supply: The operating rates of sample carbon black companies are gradually increasing. Some companies that had reduced production lines after the holiday have gradually returned to normal. During the Spring Festival, the focus was mainly on fulfilling orders. Smaller factories have not yet returned to normal operations. Overall, the market operating rate is rising.
3. Downstream Demand: It is understood that after the Spring Festival, tire supply has generally shown a gradual improvement. Enterprises resumed production in an orderly manner after the holiday, but there are still some differences in performance among enterprises.
Some large-scale enterprises have relatively sufficient orders and have increased their operating rates rapidly, resulting in smoother shipments after the holiday. Some enterprises are experiencing shortages, while some small-scale enterprises started production later and are still in the gradual recovery stage.
04. Market Outlook
As of now, the domestic carbon black market shows a willingness to raise new orders. Although quoted prices have risen, actual transactions are limited. Downstream inquiries have increased, but actual orders have not yet been finalized. The price of raw material coal tar continues to rise, which is favorable for negotiations. It is expected that new order prices in the market will continue to rise.
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