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Carbon Black Price Trend and Forecast
Get the latest insights on price movement and trend analysis of Carbon Black in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Carbon Black Price Trend for the October - December of 2023
The Asian carbon black market experienced variations in price trend during the fourth quarter of the year 2023. Prices were observed to be inclining in the first half of the quarter. However, the latter half exhibited borderline retardation in the carbon black price trend. Since the production of carbon black requires the combustion of long-chain hydrocarbons, which are usually sourced from feedstocks like natural gas and gas oil, the availability and the prices of these materials also influence carbon black prices. Other than this, the market demands from the ink, pigment, and automobile industries also drive the carbon black market prices.
The market sentiments were largely positive at the beginning of the quarter in October as the demand curve was still inclining, especially from the automobile industry that uses carbon black as a reinforcing agent. However, during the latter part, the gap between the supply and demand outlooks rose, and the oversupplied inventories started dominating the carbon black price trend. Overall, mixed market sentiments were observed.
The European Carbon Black market trend followed the Asian market trend, during the said period of Q4’23. However, the overall market performance for carbon black was largely positive in the European region during the discussed span. The Netherlands’ carbon black market witnessed a swift incline of about 2% as the monthly average prices shifted from around 1050 USD/MT (FOB, N550) in October’23 to about 1080 USD/MT in December’23.
The North American market, too, saw an upsurge in carbon black prices during the fourth quarter. This incline could be easily gauged as the associated companies significantly raised product prices during this time. Like, the American company, Cabot announced a rise of at approx. 9% in the prices of its carbon black associated products.
According to Procurement Resource, with rising demands, the Carbon Black prices are projected to upsurge even more in the coming months. A positive performance is anticipated in the carbon black price graph.
Carbon Black Price Trend for the July-September of 2023
The third quarter of the year 2023 turned out to be very positive for the carbon black market index. The regional carbon black prices consistently climbed up during the said period in Asia. Both Indian and Chinese markets expressed positive price dynamics. This splendid performance by carbon black reflected the surge in demand for one of the most sought-after reinforcing agents.
Automobiles, machinery, and other manufacturing industries registered higher demands for carbon black to enhance the physical properties of their materials. Offtakes from paints, adhesives, ink, color, and other pigment-related industries were moderate. Overall, positive market sentiments were observed for carbon black in the Asian markets.
With some temporary and occasional reverse fluctuations, the carbon black market outlook in the European region was positive in general. Since the inflationary pressures started easing, the end consumer purchasing power has gradually revived, and thus, a large amount of sales queries were registered from the manufacturing sectors during the said period. With an approximate quarterly rise of around 12%, the monthly average prices for carbon black went from about 905 USD/MT (FOB, Netherlands) in July’23 to about 1015 USD/MT (FOB, Netherlands) in September’23.
Following the demand fluctuations, the carbon black prices in the American market mostly wavered high. After starting positively at the beginning, the demands subsided in August; however, soon the market demands again picked up, and the price graph again started rising by the end of the 3rd quarter. The gloomy economic outlook of the region had buyers become a little hesitant with their purchases. Overall, the general market sentiment was still positive.
According to Procurement Resource, though the price forecasts suggest a positive market behavior for Carbon Black going forward, occasional fluctuations are anticipated as per consumer demands.
Carbon Black Price Trend for the First Half of 2023
The carbon black market witnessed bearish sentiments for most of the first half of 2023. The major reason was slow, steady demands and decreased upstream costs. The inventory stocks were high and were easily able to cater to the existing limited demands, so the prices swung low for most of the said period.
It was only in the latter half of the second quarter that some reverse fluctuations were observed as the inventories started depleting and the demands from downstream sectors started to grow, causing the carbon black prices to move upwards.
The price trend for carbon black observed fluctuating patterns throughout the first two quarters of 2023. In Q1, the prices were low as stocks were high and demands were steady. But the prices started picking up during the quarter shift owing to a rise in downstream demands and a decline in inventory supplies. The carbon black grade N550 price averaged around 995 USD/MT (FOB, Netherlands) in June’23.
Suppliers in the North American market suffered from low inquiries for most of the period. The market had an almost stable start at the beginning of Q1, but the downstream demands declined sharply from mid-Q1 as the interest rates escalated after failing of two major banks, altering the purchasing sentiment for automobiles. Prices decreased and wavered on the lower end for most of the discussed period; it was only in later Q2 that the market showed signs of recovery, and the carbon black prices started normalizing again.
According to Procurement Resource, the price trend for carbon Black prices are expected to continue fluctuating in a similar manner given the market volatilities in demand and supply dynamics.
Carbon Black Price Trend For the Q4 of 2022
Q4 witnessed an almost complete revival of downstream demand in the Asia-Pacific region. As the government-mandated covid restrictions were uplifted in China, the operating rates grew substantially. In the wake of this new-found supply, the downstream demand grew equally, thereby, maintaining the market equilibrium. Hence, the prices of carbon black kept on the higher side of the scale during the last quarter of 2022.
The price trend for carbon black declined throughout the European region in the fourth quarter. Since Russia was the major exporter of carbon black to Europe, the Western sanctions against Russian exports hampered the market supply. Asian imports were called in, but the supply chain disturbances and freight mismanagement complicated the situation which eventually hampered the downstream demand. The dwindling demand aided the fall in the prices of carbon black, thus disturbing the pricing fundamentals.
After the initial uproar in Q3, the production costs settled in the American region. The demand subsided amid the stabilizing feedstock supply and prices, thereby preserving the market equilibrium. The prices inclined but within reasonable limits maintaining a healthy outlook in the market.
According to Procurement Resource, the carbon black markets are expected to stabilize further. As the international situation settles, the interplay between supply and demand will likely dictate the price trend for carbon black provided no unprecedented event occurs.
Carbon Black Price Trend For the Q1, Q2 and Q3 of 2022
The price trend for carbon black had a sluggish start during the first quarter. There was a healthy equilibrium between supply and demand, hence the prices remained firm. However, the prices inclined towards the end of Q1 as the cost pressure from feedstock increased averaging 1520 USD/MT FOB.
The carbon black prices continuously increased as the second quarter started due to raised feedstock coal tar prices along with expensive logistics and stable demand from the tire industry. The prices declined towards the end of June averaging 10,100 RMB/MT as the market sentiment weakened given such inflated prices.
The market demand rebounded during Q3 especially from the automotive sector causing the prices to incline again. With the lack of new products from the manufacturers, a mismatch was created in the market supply and demand further raising the prices. The carbon black prices averaged 11,100 RMB/MT towards the end of September 2022.
Carbon black prices kept firm during the first quarter averaging 1710 USD/MT owing to stable market dynamics. However, the prices inclined drastically in Q2 owing to the economic downturn unleashed by the Russia-Ukraine conflict.
The raised feedstock prices among rising demand from the downstream sector caused the manufacturers to raise quotations to support their profits. With the western sanctions against Russian exports, Europe turned to importing carbon black from Asian nations at much higher prices. At the end of Q3, the price of carbon black Hard Grade N220 averaged 2732 USD/MT.
During the first quarter, the price trend for carbon black was on the lower end of the scale owing to stable demand and healthy upstream cost pressure. However, the changing geopolitical climate heavily impacted the pricing pattern in the US domestic market.
With high feedstock prices, expensive logistics, labour shortages and robust demand, the prices inclined drastically in the second quarter. The same pricing patterns continued in Q3 owing to solid demand from the automotive and tire industries. The carbon black prices averaged 3395 USD/MT FOB Texas (Hard Grade N220) towards the end of Q3.
Procurement Resource provides latest prices of Carbon Black. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
Carbon black is a finely divided form of amorphous carbon usually obtained via the partial combustion of hydrocarbons. The carbon black particles are usually spherical and have a high surface area to volume ratio albeit lower than activated carbon. Carbon black varies widely in particle size depending on the process by which they are made. It is often used as a pigment and reinforcing agent primarily in the automotive and rubber industries.
|Pigments, Reinforcing Agents, Paints/Coatings, Rubber/Plastics, Printing Ink
|Channel or impingement black, Furnace black, Thermal black, Lampblack, Acetylene black
|Orion Engineered Carbon, Birla Carbon, Phillips Carbon Black Limited, Mitsubishi Chemical Corporation, Shandong Huadong Rubber Types Co., Ltd, Abu Dhabi National Oil Company (ADNOC)
|Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
|US$ (Data can also be provided in local currency)
|Supplier Database Availability
|The report can be customized as per the requirements of the customer
|Post-Sale Analyst Support
|360-degree analyst support after report delivery
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Carbon black is produced via the reaction of a hydrocarbon fuel such as gas or oil with a limited supply of combustion air at high temperatures (1320 to 1540°C). The unburnt carbon is collected as extremely fine fluffy particles.
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e., government agencies, external trade bodies, and industry publications).
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Phone:+1 307 363 1045
Phone: +91 1203185500
Phone: +44 7537 132103