SunSirs: The Price of Carbon Black Fluctuated to Be Stronger This Week (February 27-March 3)
March 07 2023 11:30:47 SunSirs (John)
Price trend
According to the data monitored by SunSirs, the domestic carbon black price was 11,733 RMB/ton on March 3, and the domestic carbon black market price fluctuated to be stronger this month.
Analysis review
Cost side: the price of raw material high-temperature coal tar was high and consolidated, and some coke enterprises were limited to start operation due to the impact of environmental protection inspection. The supply of coke enterprises was reduced, and the supply of coal tar market was still tight, presenting a situation of tight supply and rising price. Carbon black enterprises were under great pressure to receive goods, most of them were in a loss situation, and the resistance to coal tar was gradually rising. However, coke enterprises had a strong willingness to support the price, and it is expected that the decline of coal tar price will be limited.
Supply and demand side: the operating rate of carbon black enterprises was stable, and some carbon black enterprises planned to raise production. The market supply was sufficient.
In terms of downstream tire enterprises, the overall operating rate had increased, and the purchase was just in needed, but there was still resistance to the current carbon black price, and the market trading atmosphere was general.
Market outlook
In general, the high price of raw material high temperature coal tar supported the price of carbon black. The demand for carbon black from downstream tire enterprises was increasing. On the whole, the favorable factors in the market occupied the top position. It is comprehensively estimated that the carbon black market will be stable and stronger in the short term.
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