As of December 27, 2023, the average price of rubber grade white carbon black in the domestic market was 5933.33 yuan/ton. In 2023, the price of white carbon black increased by 3.19% throughout the year, with a small increase of about 200 yuan/ton. The overall market fluctuation of white carbon black in 2023 was not significant, and the price remained around 6000 yuan/ton. In January 2023, the price was 5750 yuan/ton, and as of December 27, the price was 5933.33 yuan/ton, with a limited range of price fluctuations, In March 2023, prices showed a narrow upward trend and remained stable for a long time thereafter. In the second half of the year, prices began to fluctuate and slightly declined, with a fluctuation range of less than 200 yuan/ton. Currently, the demand for white carbon black in the market has not met expectations, and enterprises are mainly operating under pressure. Will there be a turning point in 2024?

The overall market price fluctuation range of white carbon black in 2023 is limited, always maintained at around 6000 yuan/ton, with a high point in September and an upward trend at the end of August. Entering September, the price showed a fluctuating downward trend from September to November, with a low point at the beginning of the year and a price of 5750 yuan/ton.

In 2023, the overall market for white carbon black will operate steadily with little price fluctuation. The mainstream price has been maintained at around 6000 yuan/ton. Will there be a new turning point for white carbon black in 2024? Due to a series of advantages of white carbon black products, it can be widely used in many fields. White carbon black is used in colored rubber products to replace carbon black for reinforcement to meet the needs of white or translucent products. White carbon black also has super adhesion, tear resistance, heat resistance and aging resistance, so it can also replace part of carbon black in black rubber products to obtain high-quality rubber products, such as off-road tires, engineering tires It has a wide range of uses. Currently, the demand in the automotive industry has not met expectations, and enterprises are operating under pressure. In the past year, prices have not significantly broken through, and costs have fluctuated. The automotive industry may still maintain the current situation in 2024, and the possibility of a significant increase in demand is unlikely. The price of white carbon black needs to be patiently waiting for a turning point.

On December 26th, the white carbon black commodity index was 133.63, unchanged from yesterday, a decrease of 13.70% from the highest point in the cycle of 154.84 points (2021-12-06), and an increase of 49.46% from the lowest point of 89.41 points on October 7th, 2016. (Note: The cycle refers to 2011-09-01 present).

In 2023, upstream hydrochloric acid prices will continue to operate at a low level, lacking support for the positive effects on white carbon black. The price of hydrochloric acid itself has little impact on white carbon black, and coupled with its continued weakness, there is insufficient downstream demand for white carbon black, which is the main reason affecting the price of white carbon black. Therefore, there is insufficient upstream support and no downstream demand. It is difficult for white carbon black to have any upward momentum

Business Society’s white carbon black analyst believes that white carbon black plays a significant role in the rubber industry. Precipitation based white carbon black is widely used in snow tires, anti slip tires, and green tires. In recent years, the market share of new energy vehicles has increased. However, from the current development perspective, the demand for white carbon black has not met expectations, and it will continue to operate under pressure in 2024.