Carbon Black Market Price Analysis(February 21, 2025)

01 According to TDD

The carbon black price index on February 20 was 7959, stable from the previous trading day.

02 Carbon black market price:

Today's carbon black market remains stable, as of now, the price of N330 mainstream products in the carbon black market is 7900-8100 yuan/ton in Shandong; Shanxi, 7700-7900 yuan/ton; Hebei, 7900-8100 yuan/ton; 8000-8200 yuan/ton in Guangzhou, 7900-8100 yuan/ton in Zhejiang, and the quotation in each region remains stable for the time being.

03 Carbon black market impact analysis

1. Upstream raw materials: the price of coal tar in Shandong is 3980 yuan/ton; The price of coal tar in Shanxi was 4140 yuan/ton, up 100 yuan/ton from the previous trading day; The price of coal tar in Hebei is 3925 yuan/ton, and the supply of coal tar is relatively tight, and the price of coal tar is in a narrow range.

2. Carbon black supply: The operating rate of carbon black enterprises in the main producing areas has increased, and after the holiday, some manufacturers resumed production, and even some enterprises maintained full load operation, resulting in a narrow increase in the operating rate of the carbon black market.

3. Downstream demand: Most semi-steel tire enterprises have entered a state of high start-up, but the overall sales performance is not as expected, and the pace of finished products to the warehouse is slow. The production schedule of all-steel tire enterprises has gradually increased to the conventional level, which has increased the operating rate during the week. The pace of destocking varies among enterprise, and the overall destocking pace is relatively slow.

04 Forecast for the future market

Up to now, the market price of carbon black has remained stable for the time being, on the supply side, the operating rate of coking plants is stable, the coal tar inventory is low, coke enterprises intend to raise prices, and the downstream deep processing enterprises have strong price sentiment, and the bullish expectations for coal tar still exist. On the demand side, the operating rate of tire companies remains relatively high, the demand for carbon black is expected to continue to rise, and the supply and demand situation of the carbon black market are in a favorable state, and the price of carbon black is expected to remain strong in the short term.