[Carbon Black]: Carbon Black Market Price Analysis on November 7

Carbon black market price analysis on November 7

1. Carbon black market price

Today, the overall carbon black market maintained a steady and declining trend. As of now, the price of N330 mainstream products in the carbon black market has increased from the same level in Shandong.7700-7900Yuan/ton; Shanxi region7600-7800Yuan/ton, down 100 yuan/ton and 200 yuan/ton respectively; Hebei region7900-8300Yuan/ton; Guangzhou area7900-8100Yuan/ton; Zhejiang region7700-7900Yuan/ton, both remained relatively stable.

Prices on the raw material side have declined, support on the cost side has weakened, demand on the downstream demand side has been flat, and both the supply and demand markets have expectations of decline, which has dragged down the carbon black market to a certain extent. The sentiment is high.

2. carbon black index

According to TDD-global data, the carbon black price index on November 7 was 7928, which remained stable compared with yesterday.

3. Carbon black market impact analysis

1. Upstream raw materials: The price of coal tar in Shandong is 3850 yuan/ton, the price of coal tar in Shanxi is 3850 yuan/ton, and the price of coal tar in Hebei is 3850 yuan/ton. Judging from the current upstream coal tar prices, they all appear to have different degrees. The downward trend, and the cost-end support has begun to decline.

2. Supply of carbon black. Recently, the number of maintenance companies in Shanxi, Shandong, and Hebei has increased. The start-up of enterprises in other regions has limited fluctuations, and the start-up of carbon black sample enterprises has declined slightly;

3. Downstream demand: Recently, the shipment pressure of tire companies has appeared. During the month, most tire companies said that orders have decreased, shipments have been slow, and production and sales pressure has increased. In order to ease the growth rate of inventory, enterprises in the main producing areas have flexibly controlled production, and their capacity utilization rate is lower than that of normal. At the level, as the weather turns colder, the demand for replacement market is expected to weaken. Goods at terminals are generally delivered. In the short term, the market will mainly digest existing inventories, and there is little willingness to replenish goods at high prices.

4. market outlook

As of now, the upstream raw material supply in the carbon black market is in a narrow downward trend. Auction prices in some regions have fallen. From a cost perspective, support for carbon black is relatively weak; downstream demand tire companies have shown shipping pressure. During the month, most tire companies expressed orders. Reduced, shipments were slow, and production and sales pressure increased. The carbon black market's pro-price mentality has begun to fall, and it is expected that there will be decline expectations in the near future.