Chemical Market Research Report

Carbon Black prices   demonstrated bullish market sentiment in Q4FY23, primarily driven by declining mortgage rates and increased consumer spending. In October, the surge in carbon market prices was largely attributed to the fulfillment of past orders following the conclusion of US Auto Union strikes, which depleted carbon black inventories among major tire suppliers. Concurrently, stable demand for electric vehicles (EVs) further supported this trend. However, energy and crude oil prices began to decline due to ample inventory reserves in the EU for winter and delayed demand for heating oils. This led to deflation in consumer gasoline and electricity prices, while high mortgage rates constrained consumption and restricted private vehicular movements, thus impacting consumer-driven carbon black markets. In November and December, energy prices continued to decrease, mortgage rates dropped, and demand for private vehicular movement increased as consumers showed willingness to spend o...

During 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 seas...