Carbon black market analysis on February 22

1. Carbon black market analysis

Today, the price of carbon black in China has risen widely. As of now, the mainstream price of N330 in the carbon black market is 8,200 - 9,000 yuan/ton.

Cost: China's high-temperature coal tar market price increased slightly today. After the holiday, the raw material inventories of downstream enterprises were rapidly digested, and their enthusiasm for coal tar procurement was greatly increased. Coupled with the fact that coke enterprises in some regions were making greater production restrictions, the supply of coal tar on the site was relatively tight, and the coal tar market price rose within a narrow range, which was detrimental to carbon black. Cost support has been strengthened.

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: Downstream tire companies resume work and increase production speed is significantly better than in previous years. Tire output has increased significantly, and the demand for raw material carbon black is acceptable.

2. Carbon black market price

3. Carbon black index analysis 

According to Tdd-global's data, the carbon black price index on February 22 was 9003, up 358 from yesterday, or 4.14%.

4. market outlook

In the short term, the high-temperature coal tar market is moving upwards, with strong support for carbon black costs; 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. It is expected that carbon black market prices are stable in the short term.