Carbon black market analysis on June 20

1. Carbon black market analysis

Today, the market price of carbon black in China has dropped by 200 yuan/ton. As of now, the mainstream price of N330 in the carbon black market is 7,400 - 8,200 yuan/ton. The main reason for the price decline is that downstream demand continues to be weak, corporate procurement has not improved significantly, and some carbon black manufacturers have high shipping pressure and prices are weak downward.

Cost: Today, the market price of high-temperature coal tar in China has fluctuated and fluctuated. As of now, the market price of coal tar in Shanxi is 3600 yuan/ton. Downstream deep processing and carbon black companies are still resistant to raw materials. Although raw material prices have risen and fallen, the pressure on carbon black production costs remains unchanged.

Supply: Today, most carbon black companies in China maintain normal operating levels, shipments are average, and overall inventory is still acceptable.

On the demand side: The downstream tire and rubber products industry started and operated smoothly, but demand was weak and difficult to change. Companies were generally enthusiastic about getting goods, and the market had a strong wait-and-see atmosphere.

2. Carbon black market price

3. Carbon black index analysis 

According to Tdd-global's data, the carbon black price index on June 20 was 7,858.75, down 200 yuan/ton from yesterday, or 2.48%.

4. market outlook

In the short term, the auction price of raw coal tar has rebounded, the market negotiation atmosphere has improved, and support for the cost side of carbon black may have been strengthened. Downstream deep processing companies are affected by market buying up and not buying down, and maintain a wait-and-see status on the supply of carbon black. End users have a strong bearish atmosphere, and the carbon black market is expected to operate on the sidelines in the short term.