[Carbon Black]: Carbon Black Market Price Analysis on November 14

Carbon black market price analysis on November 14

1. carbon black index

According to TDD-global data, the carbon black price index on November 14 was 7626.5, down 181.5 from the previous trading day.

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.7500-7700Yuan/ton, Shanxi region7400-7600Yuan/ton, high and low prices fell by 200 yuan/ton; Hebei region7600-7800Yuan/ton, high and low prices fell by 300 yuan/ton; Guangzhou area7600-7800Yuan/ton, Zhejiang region7500-7700Yuan/ton, both remained relatively stable.

3. Carbon black market impact analysis

1. Upstream raw materials: The price of coal tar in Shandong is 3700 yuan/ton, down 150 yuan/ton, the price of coal tar in Shanxi is 3660 yuan/ton, down 115 yuan/ton, and the price of coal tar in Hebei is 3750 yuan/ton, down 100 yuan/ton; Judging from the current upstream coal tar prices, raw material prices continue to decline, and cost support is weak.

2. Carbon black supply: Early maintenance enterprises in Shanxi started construction, enterprise maintenance plans in Shandong continued, fluctuations in other regions were limited, and the carbon black market started higher;

3. Downstream demand: The construction of all-steel tyre maintenance enterprises is gradually resuming, which will boost the overall output to a certain extent. However, some areas such as Zibo are affected by the weather, and local enterprises are slightly restricted from starting operations. Overall, all-steel tyre enterprises are operating at a low level. After the price increase, shipment resistance will increase.

4. market outlook

As of now, the prices of new orders in the China coal tar market, the upstream raw material in the carbon black market, have been introduced one after another, showing a significant downward trend overall. Terminal demand is still poor. In the short term, the coal tar market will continue to be sluggish, and cost-side demand will remain weak; Downstream demand terminal inventory is slowly digested, and agents have sufficient stocks before raising prices. Currently, inventory is mainly digested, and the willingness to continue to replenish is weakened, and procurement is mainly based on demand. The carbon black market is mostly negative in the carbon black market, and it is expected that some carbon black quotations may remain weak in the near future.