Carbon black market analysis on May 23

1. Carbon black market analysis

Today, China's carbon black market is declining. As of now, the mainstream price of N330 in the carbon black market is 7,700 - 8,600 yuan/ton.

Cost: The market price of high-temperature coal tar in China fell within a narrow range today. As of now, the market price of high-temperature coal tar in Shandong is 4550 yuan/ton. Downstream deep processing and carbon black enterprises are experiencing difficulties in losing money. Companies have strong negative expectations, which has dragged down the coal tar market. The high-temperature coal tar market is operating weakly and has weak support for carbon black costs.

Supply: Recently, the carbon black market has sufficient supply, and some carbon black companies have carried out negative production.

On the demand side: Raw material prices are operating at high levels, tire companies are under greater production pressure, and profit margins are significantly reduced.

2. Carbon black market price

3. Carbon black index analysis 

According to Tdd-global's data, the carbon black price index on May 23 was 8126.5, down 68.5 from yesterday, or 0.8%.

4. market outlook

In the short term, the high-temperature coal tar market is sluggish, and the support for carbon black costs is weak; the terminal tire and rubber industries have severely suppressed the price of new orders in the carbon black market, and the focus of transactions in some regions has shifted downward. It is expected that the short-term carbon black market price is weak.