Carbon Black Market Analysis (February 4)

01 Carbon Black Index

According to data from TuDuoDuo, the carbon black price index was 6809.5 on February 4th, 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 3800 yuan/ton; in Shanxi, 3760 yuan/ton; and in Hebei, 3800 yuan/ton. The domestic high-temperature coal tar market is mainly in a wait-and-see mode, and the market is expected to remain stable to slightly weak in the short term.

2. Carbon Black Supply: The operating rate of sample carbon black enterprises declined slightly. Some large factories chose to reduce production lines to reduce inventory, resulting in significant market pressure and dampening the enthusiasm of enterprises to operate. Downstream demand was generally weak before the holiday. Under the influence of negative demand factors, the operating rate of the carbon black market is expected to remain low.

3. Downstream Demand: It is understood that most enterprises have already confirmed their holiday shutdown dates. Currently, semi-steel radial tires are performing better than all-steel radial tires. Supported by export orders, some companies have delayed their shutdowns. For all-steel radial tires, some companies are already in the final stages of production, expected to finish around February 10th. Pre-holiday shipments are decent, and there is some pre-holiday stockpiling.

04 Market Outlook

As of now, the Anhui Linhuan coal tar tender failed to sell this morning, indicating a decline in costs and negatively impacting market sentiment. Offered prices have fallen, and actual transaction volume is limited.

While downstream markets have some immediate demand for replenishment, the decline in costs has led to a strong wait-and-see attitude in the market, resulting in stagnant new order negotiations. A weaker outlook for new orders is expected.

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