Carbon black market analysis on February 29

1. Carbon black market analysis

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

Cost: China's high-temperature coal tar market is on the rise today. The market for downstream products has improved, and there is strong support for coal tar. The operating rate of upstream coke companies has continued to decline under the production restriction policy. The supply of coal tar in the field is in short supply. Under the strong support of supply and demand, the coal tar market price is operating at a high level, which is detrimental to carbon black. Cost support is good.

Supply: Some carbon black companies have not yet completed their early low-priced orders, and the start-up load of companies remains high.

Demand: Recently, the capacity utilization rate of the tire industry has remained high, corporate inventories have shown a downward trend, and inquiries for raw material carbon black have increased.

2. Carbon black market price

3. Carbon black index analysis 

According to Tdd-global's data, the carbon black price index on February 29 was 9366, an increase of 363, or 4%, from yesterday.

4. market outlook

In the short term, downstream companies are in a purchasing boom, and the high-temperature coal tar market is tight and prices are rising, which provides strong support for carbon black costs; downstream tire companies have low inventories, their enthusiasm for inquiries has increased significantly, and terminal demand is still acceptable. It is expected that in the short term Carbon black market prices are stable.