Shanxi-listed company Yongdong Shares (002753.SZ) announced that it plans to expand its business scope by incorporating new energy charging services into its operations. This marks a significant step for the company, which has been deeply involved in the production of coal tar and carbon black.
PriceSeek assesses carbon black, giving a neutral rating of +1. As a major producer, Yongdong Shares' decision to diversify into new energy charging services may divert resources, potentially reducing the production of carbon black, leading to an increase in market supply and pushing up the spot price. Coupled with the recent trend in carbon black futures prices, where the main contract has shown an upward trend and inventories are low, this strategic adjustment might further strengthen market bullish expectations, potentially boosting futures prices.
Regarding coal tar, the event is slightly bearish on the spot price, given that it is an ingredient for carbon black production. Yongdong Shares' shift towards new energy could reduce carbon black production, thereby decreasing demand for coal tar, putting pressure on spot prices. Analysis shows that with ample market supply and weakening demand, prices may slightly decline. In terms of futures, contracts related to coal tar have not shown significant fluctuations, with the impact mainly limited to the spot market.
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