Price trend

According to the data monitored by SunSirs, on November 4, the price of domestic carbon black was 12,100 RMB/ton, the carbon black market price was relatively strong, and it was temporarily stabilized. There was a strong wait-and-see mood in the market, and the trading was deadlocked.

Analysis review

On the cost side: the supply of raw materials high temperature coal tar market was tight this week, and prices in most regions rose, with prices continuing to remain high. In addition, due to the impact of public health events in some regions, logistics and transportation were not smooth, and the tight supply pattern of raw materials coal tar market intensified, driving the price of coal tar up slightly. In the short term, the tight spot and high price of coal tar is hard to change, the profitability of the coal tar deep processing industry is declining, the cost pressure of carbon black is further increased, and some enterprises are losing money.

Supply and demand: Affected by the high level of raw coal tar, carbon black enterprises were not enthusiastic to start construction, and the overall construction may continue to decline.

In terms of downstream tire enterprises, there was no obvious improvement. Downstream terminal tire enterprises had strong resistance to high price carbon black. In addition, some tire enterprises were limited in starting work, and their demand for carbon black was poor. They purchased on demand, and new orders were limited, mainly sporadic transactions.

Market outlook

To sum up, driven by cost, the carbon black market price runs at a high level. It is expected that the carbon black market price will remain stable in the short term, and run at the high level strongly. In the later stage, attention should be paid to the enterprise's start-up and downstream market dynamics.

If you have any questions, please fee l free to contact SunSirs with support@sunsirs.com