【白炭黑】成本支撑强劲 白炭黑小幅上行

Core Viewpoint - The domestic white carbon black market shows significant differentiation this week, with precipitated white carbon black facing a stalemate due to strong cost support but weak downstream demand, while fumed white carbon black continues to rise steadily driven by costs and favorable supply-demand structure [1][6][10]. Precipitated White Carbon Black Market - The market exhibits a tentative upward trend, constrained by weak downstream demand, resulting in a "strong cost support, weak demand" stalemate [2][9]. - Prices have seen a slight exploratory increase, with mainstream quotes for tire-grade precipitated white carbon black ranging from 4500 to 5500 yuan per ton, up by 50-100 yuan per ton compared to last week [2][8]. - Supply remains relatively ample, leading to increased shipping pressure and rising inventory levels among some small and medium-sized enterprises, which in turn slows down capital turnover [9]. Cost Factors - The prices of key raw materials remain high, coupled with rigid energy consumption and environmental costs, providing solid cost support for the market, with companies eager to pass on costs to downstream [2][9]. Demand Factors - Continuous weakness in downstream industry demand is the main factor limiting price increases, resulting in a cautious trading atmosphere in the market [3][9]. Fumed White Carbon Black Market - The market continues its previous upward momentum, characterized by strong cost support, relatively stable demand, and a good match in supply-demand structure [4][10]. - Prices are on a steady upward trend, with mainstream quotes for 200 specific surface area fumed white carbon black being 23000-27000 yuan per ton for major brands and 17500-18500 yuan per ton for smaller brands [4][10]. - Mainstream producers are operating at high capacity, ensuring overall market supply is sufficient, while downstream customers show good acceptance of current high prices, leading to increased purchasing activity and a gradual reduction in low-priced sources [5][11].