Carbon Black Market Price Analysis(April 25, 2025)

01 Carbon Black Index

According to TDD, the carbon black price index on April 24 was 6440.5, down 193.5 from the previous trading day.

02 Carbon black market price

As of now, the price of N330 mainstream products in the carbon black market was 6,300 yuan/ton in Shandong; Shanxi, 6200 yuan/ton; 6500 yuan/ton in Hebei; 6700 yuan/ton in Guangzhou, 6700 yuan/ton in Zhejiang, and the quotation in most areas was reduced by about 200-300 yuan/ton.

03 Carbon black market impact analysis

1. Upstream raw material: the price of coal tar in Shandong is 3130 yuan/ton; Shanxi, 3330 yuan/ton; Hebei, 3150 yuan/ton, and the price of coal tar has shown a significant downward trend, and the cost side support is weak.

2. Carbon black supply: The production of carbon black enterprises in the main producing areas continued to decline, and the shipments declined, resulting in the accumulation of inventory, and the production load of some regions such as Shandong, Shanxi declined, and most enterprises reduced their line production. It is expected that the tire market will have limited room for improvement in demand, and the market operating rate will remain low under the influence of the demand side.

3. Downstream demand: semi-steel tires continued to weaken, and some enterprises had promotional policies released at the beginning of the month, but the overall sales volume was limited, and the finished product inventory of enterprises rose, and some sample enterprises had a moderate adjustment to reduce burden, which dragged the overall production rate.

In order to make up the production for the shortage pattern, a small number of sample enterprises have slightly increased their production scheduling, which has driven the operating rate of all-steel tires to increase slightly. Recently, most enterprises have flexibly adjusted their production schedules according to their own inventory conditions, and the overall rate of production has fluctuated slightly.

4. Forecast for the future

Up to now, most of the market prices of carbon black have fallen significantly, and on the cost side, the actual transaction mentality of the spot market is still dragging down the price of coal tar, coupled with the serious loss of the carbon black industry, it is difficult for the price of coal and coke to improve in the short term, and the cost support is still weak; In terms of downstream, the terminal demand is flat and the demand of tire factories has declined significantly, and the new orders of the carbon black market are still in a weak trend, and the price still has room to fall.