Carbon Black Market Analysis on May 7

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 8,300 - 9,100 yuan/ton.

Cost: Today, the market price of high-temperature coal tar in China is stable. As of now, the market price of high-temperature coal tar in Shandong is 4710 yuan/ton. Coke prices have risen in five rounds, and coal tar market supply is expected to increase. However, the market for downstream deeply processed products has been sluggish, dragging coal tar prices into a weak position and providing poor support for carbon black costs.

Supply: During the holiday period, a small number of carbon black companies stopped work for maintenance, and the overall operating rate of carbon black companies fluctuated slightly.

On the demand side: The downstream tire industry's shipment performance at the beginning of the month is average. Most companies start operations at regular levels, and inventory reserves are within a reasonable range.

2. Carbon black market price

3. Carbon black index analysis 

According to Tdd-global's data, the carbon black price index on May 7 was 8695, which was the same as yesterday.

4. market outlook

In the short term, the raw coal tar market is operating weakly and has weak support for carbon black costs; the downstream tire market demand is recovering slowly, the enthusiasm for purchasing goods is not good, and the market bearish atmosphere is relatively strong. It is expected that the carbon black market will operate weakly in the short term.