Carbon black market analysis on February 20

1. Carbon black market analysis

Today, the price of carbon black in China is stable. As of now, the mainstream price of N330 in the carbon black market is 7,800 - 9,000 yuan/ton.

Cost: The market price of high-temperature coal tar in Southwest China rose slightly today. After returning from the festival, the raw material inventories of downstream companies were rapidly digested. Coupled with the fact that local coke companies were severely restricting production, the prices of high-temperature coal tar were tight, and the cost of carbon black was reasonably supported.

Supply: Some mainstream carbon black companies have received orders until next month, and now most of them are rushing to deliver early orders.

Demand: This year, the tire industry is highly motivated to resume work after the holiday, and the capacity utilization rate has increased rapidly. There is a certain need for support for 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 February 20 was 8371, which was the same as yesterday.

4. market outlook

In the short term, the high-temperature coal tar market is on the rise, which has strong support for the cost of carbon black; most companies in the downstream tire industry have resumed construction, and their enthusiasm for entering the market has increased significantly. There is a certain need for support on the demand side, and new orders for carbon black companies have been sold. Still, it is expected that there will be some upside room for carbon black market prices in the short term.