SunSirs: Carbon Black Market Continued to Weaken on June 30
July 01 2022 13:57:08 SunSirs (John)Price trend
According to the data monitored SunSirs, the domestic carbon black price was 9,975 RMB/ton on June 30.
Analysis review
On the cost side, the auction price of raw coal tar has generally risen, resulting in further pressure on the cost of carbon black manufacturers. At present, coke enterprises have started stable operations, and the supply of coal tar in the market has not changed significantly, but the performance of downstream products continues to be poor.
On the demand side, the downstream tires in the domestic carbon black market are running at low load, the tire companies in the main market are slow to deliver finished products, and the downstream performance of the tire market continues to be sluggish. Under the condition that the domestic demand market continues to be weak and the export orders are limited, the inventories of tire companies are high. Under the circumstance that tire inventory is high and future market demand expectations are not optimistic, some tire manufacturers continue to control production and reduce inventory, and the demand for carbon black in the tire market is still sluggish.
Market outlook
On the whole, the current domestic carbon black cost has fallen, and the carbon black market is facing a downturn in demand and an increase in inventory, and the price of carbon black is showing a downward trend.
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