Carbon Black Price, Demand & Supply | ChemAnalyst
by Chem Analyst Chemical Database PriceDuring the third quarter of 2023,
Carbon Black prices in the USA experienced dynamic fluctuations throughout the
entire period. The initial and concluding months saw an upswing in prices,
while a decline was observed in the second month. These price variations were
predominantly influenced by changes in downstream demand, feedstock prices, and
seasonal factors. The quarter commenced in July with a notable uptick in Carbon
Black prices, driven significantly by heightened demand from the construction
and tire industries, resulting in an overall increase in prices. August
witnessed a further rise in Carbon Black prices, primarily attributed to the
increasing demand from downstream industries. Additionally, the ascending cost
of feedstock, particularly Naphthenic oil, played a pivotal role in
contributing to the overall price surge during this month. In September, prices
experienced another surge due to various factors, including heightened demand
from the tire industry as the winter season approached. Throughout the July to
September timeframe, prices fluctuated from USD 1143 per MT FOB Texas to USD
1190 per MT FOB Texas.
In the European market, Carbon
Black prices exhibited an uptick in the initial month of the third quarter but
underwent a consistent decline in the subsequent two months. The first month
experienced a notable surge in demand from the tire industry, leading to
heightened demand pressure and consequent price increases. However, in Germany,
prices faced a decline primarily influenced by factors such as the weakening
euro currency, steady demand from downstream industries, a slowdown in
construction activity, and reduced demand in coatings, adhesives, lubricants,
and other industrial sectors—a sentiment echoed by Dow Chemicals. Despite the
robust performance of the automotive industry in Europe, the tire sector did
not grow at a parallel rate, largely due to consistent exports from non-ETRMA
(European Tire and Rubber Manufacturers' Association) members throughout the
year. Additionally, ample market inventories and the lower prices of imports
from neighboring Russia further contributed to the downward price trend. Prices
decreased from USD 1143 per MT FD Hamburg to USD 1190 per MT FD Hamburg from
July to September.
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Created on Dec 27th 2023 07:24. Viewed 97 times.