Price trend

According to data monitored by SunSirs, the domestic carbon black market prices were stronger at the end of the month. On June 30th, the domestic carbon black N220 was quoted at 9,033 RMB/ton.

Analysis review

Cost: In terms of raw materials, the auction price of new orders in the main production area of high temperature coal tar in China rose again as a whole near the end of the month, with the range of 330-460 RMB/ton. Affected by cost fluctuations, the operating sentiment of carbon black industry had risen. Up to 30th, the market price of Coal tar was 3,950 RMB/ton. The price of coal tar pitch also rebounded this week, and the operating profit and loss of deep processing enterprises had been improved. In this case, the downstream receiving of coal tar had rigid support, the coal tar market had improved, and the support for carbon black cost side had become stronger.

Supply and demand side: Most carbon black enterprises maintained normal operating levels, with little change in operating this week. As of 30tj, the inventory of mainstream carbon black manufacturers in the market was generally low, and the overall inventory level of the carbon black industry was not high. The market supply and demand were relatively balanced.

In terms of demand: The overall operating situation of downstream rubber conveyor belt enterprises was poor, and the demand for carbon black market was further decreasing. June is the traditional off-season for downstream tire sales, and the demand side may further weaken. The market was mostly in a wait-and-see state, and the bearish atmosphere was gradually deepening, and the transaction volume in the carbon black market was weak. As of 30th, purchasing was mainly based on demand, and there was no obvious positive news in the market. From the demand side, the overall demand in the future is 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. It is expected that the trend of carbon black will be stronger in the short term.

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