Carbon black market analysis on November 1

1. Carbon black market analysis

Today, China's carbon black market is operating stably. As of now, the mainstream price of N330 in the carbon black market is 9,400 - 10,200 yuan/ton.

Cost: Today, China's high-temperature coal tar market prices are operating smoothly. Downstream deep processing enterprises continue to lose money and current operating rates have dropped significantly. Therefore, they have negative sentiment towards coal tar buying and strong enthusiasm for suppression. The coal tar market trend is more pessimistic, and support for carbon black cost has weakened.

Supply: Recently, the operating rate of the carbon black industry has remained high, and the overall supply of carbon black market has stabilized and increased.

Demand: Recently, some tire companies have high stocks of carbon black, raw material, and they are more resistant to continuing to receive large quantities of carbon black.

2. Carbon black market price

3. Carbon black index analysis 

According to Tdd-global's data, the carbon black price index on November 1 was 9,871.25, which was the same as yesterday.

4. market outlook

In the short term, due to the continued losses of downstream companies, the high-temperature coal tar market shows signs of weakening, which has poor support for the cost side of carbon black; most terminal orders are based on just-needed needs, and under the influence of the market atmosphere of buying up but not buying down, the receiving speed of the tire industry has declined, and the market price of carbon black is expected to be weak in the short term.