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On October 8, the carbon black policy supported the price consolidation after the holiday, and temporarily stabilized and waited

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October 8, 2024, 4:13 PM

1. Carbon black market price

Today, China's carbon black market is temporarily stable. As of now, the mainstream price of N330 in the carbon black market: 8,000 - 8,200 yuan/ton in Shanxi; 8,100 - 8,500 yuan/ton in Hebei; 8,100 - 8,300 yuan/ton in Shandong; on the first day after the National Day holiday, there is no clear information guidance in the market. The price of carbon black stands on the sidelines, and the market price continues to remain stable before the holiday.image.png

2. carbon black index

According to Tu Duoduo's data, the carbon black price index on October 8 was 8249, which remained stable compared with the previous working day.

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3. Carbon black market impact analysis

1. Fundamental factors: On the first day after the holiday, coal tar, the raw material for carbon black, was temporarily stable, supply and demand were balanced, and there were no obvious positive factors. 2. The macro policies promulgated before the festival are beneficial to China's economy. In addition, the stock market has a significant opening rally today after the festival, which has certain support for the carbon black market.

The factors influencing the fundamentals of carbon black remain stable, and there is no obvious guidance. The carbon black market is priced.

4. market outlook

Looking at the holiday, there is no clear guidance on the raw material side, and the market is temporarily operating steadily; the wait-and-see trend on the downstream demand side remains unchanged, and it continues to need to get goods. Affected by the macro market, carbon black maintains a price-friendly mentality, and prices may operate steadily and strongly.