SunSirs: The Price of Raw Materials Rose, and the Price of Carbon Black Had Rebounded (May 15-24)
May 25 2023 14:01:38 SunSirs (John)
Price trend
According to the data monitored by SunSirs, the price of carbon black in the downstream market had also risen recently, driven by the rising price of raw material coal tar. On May 24, the domestic carbon black N220 was quoted at 8,233 RMB/ton.
Analysis review
Cost side: Recently, the raw material coal tar market was operating stably, with good support for carbon black cost side. The prices of coal tar pitch and anthracene oil in the downstream both rose significantly, driving up the market price of coal tar. Driven by the rising price of raw materials, the price of carbon black market had also risen.
Supply and demand side: As of the 24th, carbon black manufacturers had produced carbon black from high priced raw materials in the early stage, and there was a buildup of inventory on site. Some carbon black enterprises slightly reduced their load arrangements, while most carbon black enterprises maintained normal operating levels. Downstream market procurement was cautious, and most of them mainly purchased on demand.
In terms of downstream tire companies and other rubber product industries, the operating rate remained stable overall, finished product inventory was at a reasonable level, there was a strong wait-and-see atmosphere, and transactions in the carbon black market were relatively weak.
Market outlook
On the whole, the raw material coal tar market was operating stably, and the cost side had certainl support, but the downstream demand had not improved significantly, and there was no positive phenomenon in the market. Overall, it is expected that carbon black will maintain stable operation in the short term.
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