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On November 5, there was no obvious guidance news on carbon black fundamentals, and the market was temporarily stable and wait-and-see

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November 5, 2024, 4:05 PM

1. Carbon black market price

Today, the carbon black market is smoothly consolidated. As of now, the price of N330 mainstream products in the carbon black market is 7,800 - 8,000 yuan/ton in Shandong; 7,800 - 8,000 yuan/ton in Shanxi; 7,900 - 8,300 yuan/ton in Hebei; 7,900 - 8,100 yuan/ton in Guangzhou; and 7,700 - 7,900 yuan/ton in Zhejiang. Markets in various regions have a strong wait-and-see atmosphere, and market prices have temporarily remained stable.

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2. carbon black index

According to TDD-global data, the carbon black price index on November 5 was 7928, which remained stable compared with yesterday.

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3. Carbon black market impact analysis

1. Upstream raw materials: Recently, the raw material market has insufficient momentum to rise, and the cost support has been temporarily consolidated at a high level, creating a dilemma between ups and downs. As of today, the price of coal tar in Shandong is 3950 yuan/ton, the price of coal tar in Shanxi is 3960 yuan/ton, and the price of coal tar in Hebei is 3960 yuan/ton;2. Supply of carbon black. Recently, the number of maintenance companies in Shanxi, Shandong, and Hebei has increased, and the fluctuations in the start-up of enterprises in other regions have been limited, while the start-up of carbon black sample enterprises has dropped slightly; the downstream demand market has maintained a wait-and-see attitude, focusing on just demand for goods, and market transactions have been flat.

The cost of coal tar, raw material in the carbon black field, supports a high level of consolidation, and there are no obvious positive factors. The market has a strong wait-and-see atmosphere, and the consolidation is temporarily stable.

4. market outlook

The carbon black raw material market showed signs of decline in some areas yesterday. The overall market has no obvious upward momentum in the near future, and it is in a dilemma between ups and downs. The support for carbon black has been deadlocked. The downstream demand for carbon black remains just in need of delivery, and market trading is limited. There is no clear guidance news for the carbon black market today, and the market is temporarily stable and wait-and-see.