Carbon Black Prices Rise: Supply Declines

01 Carbon Black Index

According to Tuduoduo data, the carbon black price index on September 2nd was 6484.5, up 117 points from the previous trading day.

02 Carbon Black Market Price

Today's carbon black market price saw a steady increase. As of now, the price of mainstream N330 carbon black product is 6600 yuan/ton in Shandong, up 250 yuan/ton from the previous trading day; 6250 yuan/ton in Shanxi, up 100 yuan/ton from the previous trading day; 6450 yuan/ton in Hebei; 6600 yuan/ton in Guangzhou; and 6650 yuan/ton in Zhejiang, up 200 yuan/ton from the previous trading day.

03 Carbon Black Market Impact Analysis

1. Upstream Raw Materials: Coal tar prices are 3550 yuan/ton in Shandong; 3450 yuan/ton in Shanxi; and 3510 yuan/ton in Hebei. The domestic high-temperature coal tar market is currently dominated by wait-and-see attitudes, with a strong bearish sentiment within the market.

2. Carbon Black Supply: Carbon black plant operating rates have declined. Several major plants in the main producing regions of Shandong and Shanxi have shut down for maintenance, and some companies have also shut down production lines for maintenance, leading to a decline in the overall market operating rate.

3. Downstream Demand: Some semi-steel and full-steel plants that underwent maintenance at the end of the month have resumed operations as planned, and plant production will gradually resume. Furthermore, some plants in Guangrao Prefecture temporarily shut down, which has put a damper on production. Overall, tire production performance weakened slightly at the beginning of the month. As maintenance plants resume operations, operating rates will gradually increase.

Market Forecast for April

So far, new order quotations in the carbon black market have remained firm, with some new order prices increasing. The domestic high-temperature coal tar market is currently dominated by a wait-and-see approach, with a strong bearish sentiment in the market. Downstream purchases are driven by immediate demand, and actual order volume is average. The downstream tire market is primarily receiving immediate demand orders, and there is resistance to the high market conditions, resulting in a stalemate in market negotiations.

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