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SunSirs: Carbon Black Was Sorted out This Week, and the Price Was Temporarily Stable

January 11 2023 09:27:22     SunSirs (John)

Price trend

According to the data monitored by SunSirs, the domestic carbon black price was 12,050 RMB/ton on January 6, and the domestic carbon black market price was temporarily stable this week.

Analysis review

On the cost side: the price of high-temperature coal tar as raw material dropped by about 300 RMB/ton this week, and the cost side support of carbon black weakened. The enthusiasm of coke enterprises to start construction had been improved. Downstream deep processing enterprises and carbon black enterprises, carbon black enterprises, had been operating under pressure, and they were in a heavy mood to depress the price of coal tar. In the absence of obvious advantages, the price of coal tar had been corrected.

Supply and demand: As the Lunar New Year approaches, the number of enterprises stopping production for maintenance had increased, and the operating rate had declined this week. It is expected that the overall operating rate may continue to decline. Affected by weak demand, some carbon black manufacturers slowed down their shipments, and the carbon black inventory had increased.

In terms of downstream tire enterprises, the construction was insufficient, and the turnover of new orders was limited. There was no good news to boost the market. The tire market sales were average, the market transaction atmosphere was average, and there was no good support for the carbon black market.

Market outlook

In general, the price of raw material high temperature coal tar had declined, and there was no obvious benefit in the downstream. It is expected that the price of carbon black market will be adjusted and corrected in the short term. In the later stage, attention should be paid to the raw materials and downstream market dynamics.

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