[Carbon Black]: Carbon Black Market Price Analysis on November 11

1. carbon black index

According to TDD-global data, the carbon black price index on November 11 was 7826, which remained stable from last Friday.

2. Carbon black market price

Today, the overall carbon black market remains stable. 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; Hebei region7900-8300Yuan/ton; Guangzhou area7900-8100Yuan/ton; Zhejiang region7700-7900Yuan/ton, both remained relatively stable.

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, raw material prices have remained stable for the time being and have not continued to fall.

2. Supply of carbon black. Preliminary maintenance enterprises in Shanxi started construction, maintenance plans for enterprises in Shandong continued, fluctuations in other regions were limited, and the carbon black market started higher;

3. Downstream demand: Some all-steel enterprises have negative losses, maintenance plans, enterprise production control continues, start operation is low, semi-steel tire enterprises continue to operate at high levels, snow tires are closed, and part of the production capacity is transferred to four-season tires. In terms of the market, early orders from channel merchants and terminal stores have arrived one after another, and the main inventory has been digested in the near future. The performance of the terminal market was flat, with agents and channel dealers having sufficient inventories, and downstream purchasing more on demand, resulting in a significant decrease in actual shipments.

4. market outlook

As of now, some areas of the upstream raw material prices in the carbon black market have fallen, and cost-side support is slightly weak; some companies in downstream demand have recently controlled production, and the overall enthusiasm for purchasing goods is insufficient. The market trading atmosphere is relatively cold, and some factories have pressed prices. The sentiment for purchasing goods is high, and the weak supply and demand situation is difficult to change. The carbon black market has a weak attitude towards supporting prices, and it is expected that some carbon black quotations may fall in the near future.