Carbon Black Market Analysis on July 4

1. Carbon black market analysis

Today, the price of carbon black in China has temporarily stabilized. As of now, the mainstream price of N330 in the carbon black market is 7,600 - 8,400 yuan/ton.

Cost: Today, China's high-temperature coal tar market prices are still firm, and the wait-and-see trend continues. Most companies focus on delivery contracts. The downstream coal tar pitch and carbon black industries are slowly following suit. Deep processing and carbon black companies are starting operations at high raw materials. Limited, the coal tar market continues to rise, and there is resistance to the continued growth of the coal tar market. Currently, the support for the cost of carbon black is still acceptable.

Supply: Currently, raw material prices are high. In order to control costs or reduce negative production, some carbon black enterprises in Shandong have dragged down the overall start-up of carbon black sample enterprises by a narrow range.

On the demand side: The pressure on domestic shipments will not decrease, and the inventory of finished products of tire companies will continue to rise. In order to control the increase in inventory, combined with the impact of high temperature weather, companies may store maintenance expectations, which in turn will drag down the capacity utilization rate of tire companies, and the demand side may continue to decrease.

2. Carbon black market price

3. Carbon black index analysis 

According to Tdd-global's data, the carbon black price index on July 4 was 8,058.75, which was the same as yesterday.

4. market outlook

In the short term, deep processing and carbon black companies are struggling to keep up with the rising raw material coal tar. As the demand side for coal tar weakens, it may operate steadily in the short term, and the support for carbon black costs will continue to be strong; downstream tire and rubber companies are highly resistant to high-priced carbon black sources, and end user demand is sluggish. It is expected that the carbon black market will be deadlocked in the short term.