Analysis of Anthracene Oil Market on October 26
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October 26, 2023, 4:23 PM 1. Anthracene Oil Index Analysis
According to Tuduo data, the anthracene oil price index on October 26 was 5075, down 56.25 or 1.1% from yesterday.
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Today, the market price of anthracene oil in China fell within a narrow range. As of now, the mainstream price of anthracene oil in Shandong is 5,100 - 5,200 yuan/ton. The price of raw materials in Shandong has declined, the focus of buying in the anthracene oil market has shifted downward, the resistance of terminal carbon black companies has intensified, and the focus of bidding for anthracene oil has shifted to a low level; new orders in the anthracene oil market in Hebei have yet to be negotiated, and the start of terminal carbon black companies has slowed down, and buying for anthracene oil has been negative. At the same time, the tar market still has expectations for a decline, and the bearish atmosphere for anthracene oil has intensified.
2. Anthracene oil market price
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Anthracene oil market price on October 26 |
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market |
October 25 |
October 26 |
rise and fall |
units |
|
Shandong |
5200-5250 |
5100-5200 |
-100/-50 |
Yuan/ton |
|
Henan |
5150-5200 |
5150-5200 |
0 |
Yuan/ton |
|
Shanxi |
5150-5250 |
4950-5000 |
-200/-250 |
Yuan/ton |
|
Ningxia |
4900-5000 |
4900-5000 |
0 |
Yuan/ton |
3. market outlook
Today, the focus of transactions in the anthracene oil market shifted downward. The downward adjustment in coal tar market prices has weakened support for the cost of anthracene oil; negotiations on new carbon black orders have put pressure on the stock of raw materials; China's oil market has fluctuated significantly, anthracene oil hydrogenation companies are cautious in receiving goods, and a negative atmosphere is prevalent on the market. It is expected that there will be room for downward adjustment in the short-term anthracene oil market.