Carbon Black Market Oct 21st Update
01 Carbon Black Index
According to Tuduoduo data, the carbon black price index on October 21st was 6046, down 64.5 points from the previous trading day.
02 Carbon Black Market Price
03 Carbon Black Market Impact Analysis
1. Upstream Raw Materials: Coal tar prices in Shandong are 3,350 yuan/ton; in Shanxi, 3,300 yuan/ton; and in Hebei, 3,350 yuan/ton. The high-temperature coal tar market is operating quietly, with a strong bearish sentiment.
2. Carbon Black Supply: Carbon black companies' operating loads have declined. After the holiday, some companies in Shandong underwent maintenance, while a major plant resumed operations after maintenance. Hebei also underwent maintenance, while companies in other regions maintained low-load operations.
3. Downstream Demand: Tire companies generally maintained stable production, with no significant increase in recent orders. Companies generally maintained their previous production pace. Some companies that increased prices saw slower shipments, with inventory reserves slightly higher than before. Overall shipment performance was average, with most maintaining normal sales.
April Market Forecast
As of now, new orders in the raw material coal tar market are expected to be weak. Cost factors are dragging down market negotiation sentiment, resulting in a subdued trading atmosphere. Downstream players are bearish and have little enthusiasm for accepting shipments. Under pressure from demand, the market is likely to remain in a consolidation at a low level.
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