Coal Tar Drives Carbon Black
01 Carbon Black Index
According to data from TuDuoDuo, the carbon black price index was 5840 on November 19th, an increase of 31.5 from 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 3340 yuan/ton; in Shanxi, 3150 yuan/ton; and in Hebei, 3030 yuan/ton. The domestic high-temperature coal tar market is mainly in a wait-and-see mode. Positive factors still exist in the market, and coal tar prices are expected to continue rising in the short term.
2. Carbon Black Supply: Carbon black enterprises are increasing their operating rates. Three units in Shandong and Shanxi have resumed operation after maintenance. With the heating season starting, some enterprises will operate at high capacity. However, the carbon black market has been operating at a loss for a long time, and some enterprises are also operating at low capacity.
3. Downstream Demand: A few companies undergoing maintenance are experiencing delays in restarting their equipment due to debugging; restarts are expected within two days. Most other companies are maintaining stable operations. Supply remains low, resulting in poor sales and pressure on companies. Overall inventory continues to increase.
04. Market Outlook
Currently, the raw material market is showing some upward movement, supporting sentiment from the cost side. Market quotations are showing a strong willingness to hold firm. New order negotiations in the carbon black market have been stable recently. However, after price increases, downstream buyers are showing significant resistance, resulting in limited current acceptances. Further increases in new order prices are still under negotiation. In the short term, the carbon black market is expected to maintain a stable price trend.
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