Carbon Black Price in USA
- United States: 2085 USD/MT
In the final month of the fourth quarter of 2023, carbon black prices in the United States exhibited a bullish trend, peaking at $2085 per metric ton.
The latest report by IMARC, titled "Carbon Black Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data" delivers a comprehensive analysis of carbon black prices on a global and regional scale, highlighting the pivotal factors contributing to price changes. This detailed examination includes spot price evaluations at key ports and an analysis of pricing structures, such as Ex Works, FOB, and CIF, across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Carbon Black Prices December 2023:
- United States: 2085 USD/MT
- China: 1415 USD/MT
- Middle East: 1450 USD/MT
- India: 1185 USD/MT
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The study delves into the factors affecting carbon black price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
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Carbon Black Price Trend- Q4 2023
The global carbon black market is experiencing significant growth, driven by several key factors. Apart from this, the expanding automotive industry is another major growth-inducing factor. Carbon black is extensively used as a reinforcing filler in the production of tires, enhancing their durability, strength, and performance. With the growing demand for vehicles worldwide, particularly in emerging economies, the need for high-quality tires is escalating, thereby driving the demand for carbon black. Additionally, the construction industry contributes to the growth of the carbon black market, as carbon black is utilized in the manufacturing of construction materials such as rubber seals, hoses, and roofing membranes, where it imparts properties like weather resistance and UV protection. Moreover, the rising adoption of carbon black in various industrial applications, including plastics, coatings, and printing inks, further boosts market growth. As industries continue to expand and innovate, there has been a significant rise in demand for carbon black, driving market expansion and investment in carbon black production capacity across the globe.
Carbon Black Market Analysis
The global carbon black market size reached USD 17.2 Billion in 2023. By 2032, IMARC Group expects the market to reach USD 24.2 Billion, at a projected CAGR of 3.80% during 2023-2032. In the last quarter, supply-demand dynamics have played a crucial role in determining carbon black prices. The carbon black market experienced supply constraints due to scheduled maintenance shutdowns at several carbon black production facilities, leading to tight supply conditions and upward pressure on prices. Additionally, unexpected production outages and disruptions, such as equipment failures and plant incidents, further exacerbated supply shortages, driving prices higher. Moreover, feedstock costs significantly impact carbon black prices. Fluctuations in crude oil prices and changes in natural gas prices affect the cost of carbon black production, influencing market prices accordingly. In the final quarter of 2023, North American carbon black prices showcased declining market sentiment, largely attributed to falling mortgage rates and increased consumer spending, and the month of October witnessed a notable price rise in the carbon markets, primarily due to the culmination of US Auto Union strikes, resulting in the depletion of carbon black inventories among major tire suppliers. This rise in demand was further fueled by stable electric vehicle (EV) demand. However, amidst these favorable market conditions, the energy and crude oil sectors experienced a decline in prices. Strong inventory reserves by the European Union for the winter season and delayed requirements for heating oils contributed to the downward trend. Throughout the fourth quarter of 2023, Carbon Black prices in Europe exhibited a mixed sentiment. Prices experienced a decline in October and November, attributed mainly to imports from Russia and the Middle East.
Additionally, subdued demand in the replacement tire markets was observed, influenced by high fuel and electricity charges. However, in December, prices showed an uptick. Carbon Black prices in the Asia-Pacific region displayed a bearish sentiment in the final quarter of 2023, primarily due to oversupply and weak demand sentiments from the Chinese markets. Subdued private consumption in China, driven by significant private investments in the struggling real estate sector, contributed to the dull demand. Additionally, export demand for carbon black from China remained muted due to protectionist measures and reduced export volumes. Stakeholders must carefully monitor market conditions and trade policies to navigate through the challenging Carbon Black market environment effectively. In the fourth quarter of 2023, carbon black prices in the MEA region remained stable amid oversupply and weak demand, attributed partly to the EU's restrictions on imports. This contributed to subdued conditions in the replacement market across Europe.
Browse Full Report: https://www.imarcgroup.com/carbon-black-pricing-report
Key Points Covered in the Carbon Black Pricing Report:
The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:
- Carbon Black Prices
- Carbon Black Price Trend
- Carbon Black Demand Supply
- Carbon Black Market Analysis
- Demand Supply Analysis by Type
- Demand Supply Analysis by Application
- Demand Supply Analysis of Raw Materials
- Carbon Black Price Analysis
- Carbon Black Industry Drivers, Restraints, and Opportunities
- Carbon Black News and Recent developments
- Global Event Analysis
- List of Key Players
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, 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
- Middle East Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco
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Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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