Price trend

According to the data monitored by SunSirs, on November 18, the domestic carbon black price was 12,100 RMB/ton, the carbon black market price was sort out  to be strong, the market was in a wait-and-see mood, and the trading was deadlocked.

Analysis review

In terms of cost: the price of high-temperature coal tar as raw material was mainly consolidated at a high level this week, and the price in most regions was temporarily stable. On the 18th, the performance of deep processing products in the downstream of coal tar was weak, especially in the aspect of asphalt. The recent load and price of aluminum market in the downstream were significantly lower, and the rise of asphalt was hindered. In the short term, domestic coal tar may maintain high consolidation. Fundamentally, the overall price of raw coal tar market was high, supporting the price of carbon black market.

Supply and demand: As of the 18th, most enterprises had started work steadily, some enterprises had stopped production for maintenance, and the overall operating rate was likely to continue to decline.

In terms of downstream tire enterprises, there was no obvious improvement, and they had strong resistance to high price carbon black. In addition, some tire enterprises were limited in starting work, had poor demand for carbon black, and were not enthusiastic about purchasing. New orders were limited, mainly sporadic transactions.

Market outlook

To sum up, it is expected that the carbon black market price will be stuck at a high level in the short term. In the later stage, attention should be paid to the raw materials and downstream market dynamics.

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