Price trend

According to data monitored by SunSirs, the domestic carbon black market prices were stronger at the end of the month. On July 7th, the domestic carbon black N220 was quoted at 9,166 RMB/ton.

Analysis review

Cost: In terms of raw materials, the price of coal tar market fell and rose this week. As of July 7, the market price of coal tar was 4,127 RMB/ton. After the introduction of the consumption tax policy, there were few new products in the market. The overall operation of coke enterprises was poor. It is expected that the coal tar market will be consolidated and operated in the short term.

Supply and demand side: Most carbon black enterprises maintained normal operating levels, the overall inventory level of the carbon black industry was not high, and the market supply and demand were relatively balanced. Carbon black enterprises had strong quotations, and the carbon black market price had slightly increased.

In terms of demand: The overall operating situation of downstream rubber conveyor belt enterprises was poor, and the demand for carbon black in the market was further reduced. The downstream tire industry was still in the traditional sales off-season, and enterprise procurement was mainly based on rigid demand, with terminal demand continuing to be weak. As of July 7th, purchasing was mainly based on demand, and there was currently no obvious positive news in the market. From the demand side, the overall demand in the future was not very optimistic.

Market outlook

Overall, the cost side support had increased, inventory levels were not high, and there was no significant improvement in the demand side. This week, the carbon black market remained stagnant at a high level, and it is expected that the carbon black market will consolidate and operate in the short term.

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