Carbon Black Daily: Decline Hits the Brakes! Is Support Coming?

01  Carbon Black Index

According to TuDuoduo data calculations, on August 18, the carbon black price index stood at 7,381.5, remaining stable compared to the previous trading day.

02  Carbon Black Market Price

03  Carbon Black Market Impact Analysis

1.Upstream Raw Materials: Coal tar prices: Shandong region at 4,050 RMB/ton; Shanxi region at 4,100 RMB/ton; Hebei region at 4,080 RMB/ton. The domestic high-temperature coal tar market is temporarily stable with a wait-and-see sentiment. The supply-demand tightness has not eased, and the room for further market decline is limited.

2. Carbon Black Supply: The operating rate of sample enterprises in the domestic carbon black market showed a narrow increase. Specifically, a plant in the Shanxi region resumed operations after completing maintenance, while a major plant in the Shandong region experienced an unexpected shutdown. Manufacturers in other regions are running at low loads. Overall, regional operating rates have seen a narrow improvement, but the magnitude of increase is limited.

3. Downstream Demand: According to reports, maintenance enterprises are gradually resuming operations, and equipment operating rates will progressively return to normal levels, providing some boost to the industry's operating rate. However, market demand performance is below expectations, enterprise finished product destocking is slow, and the overall situation remains in a slow recovery trend.

04  Market Outlook

As of now, the decline in high-temperature coal tar on the cost side has temporarily paused. Given that the supply-demand tightness remains difficult to ease, the downside space for the high-temperature coal tar market is limited, and the cost side provides certain support for carbon black. Meanwhile, the downstream procurement pricing and inquiry period is approaching, and the procurement enthusiasm of some downstream buyers may increase. With support from both supply and demand, carbon black is likely to remain in a low-level consolidation phase in the short term.

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