Current Carbon Black Market Weakening Trend

01 Carbon Black Index

According to Tuduoduo data, the carbon black price index on August 12th was 6291, stable compared to the previous trading day.

02 Carbon Black Market Price

Today's carbon black market price remained stable. As of now, the price of mainstream N330 carbon black products is 6,350 yuan/ton in Shandong; 5,950 yuan/ton in Shanxi; 6,450 yuan/ton in Hebei; 6,600 yuan/ton in Guangzhou; and 6,300 yuan/ton in Zhejiang.

03 Carbon Black Market Impact Analysis

1. Upstream Raw Materials: Coal tar prices in Shandong are 3,650 yuan/ton; in Shanxi, 3,630 yuan/ton; and in Hebei, 3,655 yuan/ton. The favorable market conditions for high-temperature coal tar in the domestic market are gradually fading, and the domestic high-temperature coal tar market is showing a steady but weakening trend.

2. Carbon Black Supply: Carbon black manufacturers' operating loads have declined slightly. Some companies in Shanxi are undergoing production line maintenance, and the market is experiencing significant losses. Manufacturers are not very motivated to resume production, and previous orders are being fulfilled. Even if shipments are slow, manufacturers are maintaining low loads to mitigate market risks.

3. Downstream Demand: It is understood that companies that underwent maintenance at the beginning of the month have resumed work and production as planned, and overall production capacity has gradually returned to pre-shutdown levels. Factory shipments performed well during the shutdown period. Some full-steel tire manufacturers are experiencing stock shortages, while semi-steel tire manufacturers are experiencing average shipments overall, with a slow destocking pace. In the short term, affected by orders, production capacity will remain largely unchanged, and further increases will be increasingly difficult.

April Market Forecast

As of now, new tenders for raw coal tar have not yet been released. The Linhuan coal tar tender in Anhui Province failed to sell. New orders are expected to decline on the market. Negative costs are emerging, and downstream players are adopting a wait-and-see attitude, expressing a bearish outlook for the market. New order activity in the domestic carbon black market is generally mediocre. Under the influence of costs, new orders for carbon black are expected to be weak.

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