Carbon black market analysis on November 7

1. Carbon black market analysis

Today, under the influence of weak supply and demand in China's carbon black market, the market price has fallen again. As of now, the mainstream price of N330 in the carbon black market is 8,800 - 9,800 yuan/ton.

Cost: Today, China's high-temperature coal tar market is operating weakly. Downstream coal tar prices continue to fall. In some areas, the prices of coal tar asphalt and raw material coal tar have been inverted. The negative atmosphere in the market continues to ferment. The downward trend of the coal tar market is difficult to change, and the support for the cost side of carbon black is weak.

Supply: Recently, some carbon black enterprises in Shanxi have stock maintenance plans, and the overall supply of carbon black market is relatively sufficient.

Demand: Domestic shipments in the downstream tire industry are average, most companies start stable, and finished product inventory reserves are on the rise.

2. Carbon black market price

3. Carbon black index analysis 

According to Tdd-global's data, the carbon black price index on November 7 was 9,334.25, down 337 yuan/ton from yesterday, or 3.48%.

4. market outlook

In the short term, the high-temperature coal tar market has a certain bearish mentality, which weakens its support for carbon black costs; terminal orders are mainly in demand. Affected by market buying and not buying, inquiries from downstream companies have severely depressed prices. It is expected that the carbon black market is operating in a weak position in the short term.