Price trend
According to the monitoring of Business Society, the average price of activated carbon at the beginning of 2023 was 10766 yuan/ton, and at the end of 2023, the average price of activated carbon was 11700 yuan/ton, with a price increase of 8.67%.
quotations analysis
activated carbon
In 2023, the price of activated carbon for the whole year mainly showed a fluctuating upward trend. According to the monthly rise and fall chart of 2023, the largest increase of the year was in May, with an increase of 6.02%. The largest decline of the year was in January, with a decline of 1.24%.
Phase 1
From January to June, the domestic price of activated carbon increased, and the factory price of activated carbon for water purification in East China coconut shell ranges from 9500 to 12000 yuan/ton; Due to the improvement of logistics and transportation restrictions in the market, most dealers are optimistic, and some end merchants have entered the market to replenish goods in moderation, resulting in strong market quotations.
Phase 2
From August to December, the domestic activated carbon market transactions were light, with most manufacturers maintaining stable quotes and some adjustments. Dealers were mainly wait-and-see, with limited terminal demand orders and average replenishment sentiment. The market was mostly dominated by distributors filling gaps. In order to quickly recover funds and sell at a profit, although the prices of fruit shells and raw materials are generally high, the competition in the charcoal market is fierce, and buyers often hold low prices to inquire in the market.
Future Market Forecast
Market Production: Market Production: In 2023, China’s activated carbon production will reach 1.15 million tons, including 400000 tons of wooden activated carbon and 750000 tons of coal based activated carbon. It is expected that the production of activated carbon will continue to increase in 2024.
On the demand side: From the regional distribution of activated carbon demand, China, the United States, the European Union, and Japan are the main consumption areas of activated carbon, with China being the second largest global consumer of activated carbon after the United States. With the continuous development of macroeconomics in developing countries, environmental pollution caused by industrial growth is becoming increasingly prominent. Countries are strengthening their efforts in environmental governance and protection, driving the rapid growth of activated carbon consumption in the region. The traditional application market of activated carbon will steadily expand, and it is expected that the domestic demand for activated carbon market will reach about 890000 tons by 2024.
Demand for activated carbon
Government side: In 2024, the supply and demand market of China’s activated carbon industry will become more stable, and pricing power will also be stronger. At present, the government is providing more support to the industry in strengthening supervision, regulation, and chemical inspection, promoting the standardization of market prices.
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In summary, with the continuous improvement of living standards, the demand for environment such as food and drinking water is also continuously increasing. As a result, the market demand for activated carbon is gradually expanding, driving the rapid increase of industry production capacity. It is expected that the price of activated carbon will mainly fluctuate and tend to be strong in 2024.