Carbon Black Market Price Analysis(March 7, 2025)

01
Carbon black index
According to TDD, the carbon black price index on March 6 was 8004, 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 was 7900-8100 yuan/ton in Shandong; Shanxi, 7700-7900 yuan/ton; 8100-8300 yuan/ton in Hebei; 8000-8200 yuan/ton in Guangzhou, 7900-8100 yuan/ton in Zhejiang, and the quotation in each region remained stable for the time being.

03

Carbon black market impact analysis
1. Upstream raw materials: the price of coal tar in Shandong was 4,310 yuan/ton, an increase of 50 yuan/ton from the previous trading day; The price of coal tar in Shanxi was 4,220 yuan/ton, down 80 yuan/ton from the previous trading day; The price of coal tar in Hebei was 4260 yuan/ton, the price of coal tar was mixed, the actual demand of the downstream market was weak.

2. Carbon black supply: The operating rate of carbon black enterprises in the main producing areas was narrowly sorted, the enterprises were gradually returning to normal, and the market demand was increasing, which was good for the enthusiasm of the market.

3. Downstream demand: the operating rate of semi-steel tires continued to be at a high level, the overall fluctuation was not large, enterprises continued to sell conventionally, the overall export shipment performance was not as good as the same period last year, and the inventory of finished products of some enterprises rose. All-steel tire enterprises continued to operate in a conventional state, partly due to many brands, the shortage of domestic products was obvious, and the production was moderately increased, which led to a slight increase in the overall operating rate. At the end of the month, the sales of some enterprises improved, and the inventory of finished products fell slightly.

Forecast for the future market
Up to now, the market price of carbon black has remained stable, the actual demand of the supply side and the downstream market has weakened, the market price of coal tar has shown signs of weakening, and some market quotations have begun to decline. Downstream tire companies are actively resuming production, the overall operating rate remains relatively high, and the demand for carbon black is also expected to improve, and the carbon black market will continue to maintain a strong trend in the short term.