Carbon black market analysis on August 24

1. Carbon black market analysis

Today, the market price of carbon black in China has dropped by 300 yuan/ton. The support of raw materials for carbon black costs has weakened. Coupled with the sluggish terminal demand and difficult to change, the market price of carbon black has been dragged downward. As of now, the mainstream price of N330 in the carbon black market is 8,100 - 8,900 yuan/ton.

Cost: Today, the market price of high-temperature coal tar in China has been lowered. As of now, the market price of high-temperature coal tar in Shandong is 4500 yuan/ton. Shipments of downstream products are not smooth, which continues to suppress the coal tar market price. In the short term, the coal tar market will absorb the decline mainly, and the support for the cost side of carbon black is weak.

Supply: Today, the overall operating load of carbon black enterprises is relatively stable, and there has been no significant change in the carbon black market supply.

On the demand side: Orders for finished products in the downstream tire and rubber products industry are not strong, and the mentality of stocking is cautious, and small orders just need to be replenished.

2. Carbon black market price

3. Carbon black index analysis 

According to Tdd-global's data, the carbon black price index on August 24 was 8,571.25, down 300 yuan/ton from yesterday, or 3.38%.

4. market outlook

In the short term, coal tar market prices in some regions have fallen below the 4,000 mark. In the short term, the coal tar market is dominated by digestion and decline, which has weak support for carbon black costs. The downstream tire and rubber products industry has a strong wait-and-see atmosphere despite limited new orders and insufficient willingness to support the carbon black market. For the time being, small orders are temporarily maintained and just need to buy. The carbon black market is expected to operate in a weak position in the short term.