Price trend

According to the data monitored by SunSirs, the domestic carbon black price was 11,950 RMB/ton on January 30, and the domestic carbon black market price was slightly down this month.

Analysis review

Cost side: the price of high-temperature coal tar as raw material fell overall this month, and remained stable recently. The cost-side support of carbon black enterprises had weakened. As of the 30th, the operating rate of coke enterprises was stable, and the downstream deep processing enterprises were stable as a whole, mainly purchasing on demand. The inventory in the coal tar market had decreased.

Supply and demand: after the Spring Festival, some enterprises that had stopped production for maintenance resumed production. Under the pressure of high inventory, the overall construction was not high.

Downstream tire enterprises had tarted construction in succession, mainly consuming inventory in the short term.

Market outlook

In general, the price of high-temperature coal tar as raw material is temporarily stable. With the decline of on-site inventory, the coal tar market has a certain sense of rising sentiment, which supports the price of carbon black. At present, there is no obvious benefit for downstream tire enterprises. It is expected that the carbon black market price will run smoothly in the short term. In the later stage, it is also necessary to pay attention to the raw materials and downstream market dynamics.

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