Carbon black market analysis on August 29

1. Carbon black market analysis

Today, China's carbon black market continues to push up, and the quotations of some carbon black companies continue to increase. As of now, the mainstream price of N330 in the carbon black market is 8,600 - 9,600 yuan/ton.

Cost: Today, China's high-temperature coal tar market prices are operating smoothly. The price of new orders for carbon black and anthracene oil has increased significantly, and the downstream buying atmosphere has rebounded significantly. Certain positive factors have appeared on the market. The atmosphere in the coal tar market has warmed up, and the support for the cost side of carbon black is still acceptable.

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

Demand: Near the end of the month, tire companies have more exchange rate support, and there is no obvious sign of fluctuations in the domestic market. They maintain a casual attitude towards raw material carbon black.

2. Carbon black market price

3. Carbon black index analysis 

According to Tdd-global's data, the carbon black price index on August 29 was 9,134.25, which was the same as yesterday.

4. market outlook

In the short term, positive factors have emerged in the coal tar market, which will support or improve the cost of carbon black; the overall operating load of the downstream tire industry is not high, corporate inventories are high, demand for carbon black is weak, and the low profit level of tire companies is detrimental to carbon black purchasing continues to suppress mentality. It is expected that the carbon black market will be consolidated and operated in the short term.