Carbon black market analysis on November 21

1. Carbon black market analysis

Today, China's carbon black market is operating smoothly. As of now, the mainstream price of N330 in the carbon black market is 8,200 - 9,200 yuan/ton.

Cost: Today, China's high-temperature coal tar market is on the sidelines. The negative situation in the coal tar market has basically been exhausted, the pessimism in the downstream market has improved, and the overall purchasing enthusiasm has increased. However, the loss situation of deep processing companies is difficult to change. The rebound momentum in the coal tar market is still preparing, and the current support for carbon black costs is still weak.

Supply: Today, some carbon black companies have maintained a high starting level, while most other carbon black companies have started relatively smoothly.

On the demand side: The tire industry has sufficient social stocks and low terminal demand. Most traders have completed their annual tasks, and their willingness to purchase a large amount has been further weakened.

2. Carbon black market price

3. Carbon black index analysis 

According to Tdd-global's data, the carbon black price index on November 21 was 8,738.25, which was the same as yesterday.

4. market outlook

In the short term, the high-temperature coal tar market is wait-and-see operation, which has certain support for the cost of carbon black; the demand in the downstream tire and rubber industries has not improved significantly, and the performance of companies in receiving goods has been flat. The market wait-and-see atmosphere is strong. It is expected that the carbon black market will be weak in the short term.