According to data monitored by Business Society, the price of domestic carbon black has increased this month. On October 31st, the domestic carbon black N220 was quoted at 11100 yuan/ton, a decrease of 1.48% from the initial price of 11266 yuan/ton.
Cost side: In terms of raw materials, the market price of high-temperature coal tar has fluctuated this month. At the beginning of the month, there was a slight increase in prices, with high level consolidation and operation being the main focus. Downstream enterprises had a good atmosphere of restocking after the National Day holiday, and there was a strong atmosphere of speculation on the market. The supply of coal tar market was relatively tight, providing strong support for the cost of carbon black. Starting from the end of the decade, downstream deep processing enterprises continued to suffer losses, and the coal tar market prices began to decline, with differentiated market performance across different regions. The synchronous weakening of upstream coke supply and demand, weak market prices, and poor support for the cost of coal tar. Downstream deep processing enterprises continue to suffer losses, and there are obvious signs of a decline in operating rates. The enthusiasm for receiving coal tar is average.
Supply and demand side: Most carbon black enterprises maintain normal operating levels, and the overall inventory of the carbon black industry is currently low.
In terms of terminals, this month, with the end of the “Golden Nine Silver Ten” period, although tire companies have maintained a high level of construction, the demand in the terminal market is weak. From a demand perspective, supported by strong export orders, the tire industry has been operating at a high level this year. Recently, downstream tire companies have some inventory support, and most inquiries in the market are mainly at low prices, while the demand still remains just in demand. Merchants from all walks of life have average purchasing enthusiasm, and the actual shipment volume is lower than last month.
| POLYVINYL ALCOHOL |
In terms of import and export, according to customs data, China imported 24700 tons of carbon black in September 2023, an increase of 296.89% year-on-year and a decrease of 7.74% month on month; From January to September 2023, China imported a total of 199000 tons of carbon black, an increase of 189.13% compared to the same period last year, with an increase of approximately 132000 tons in imports. According to customs data, China’s carbon black exports in September 2023 were approximately 63100 tons, a year-on-year decrease of 1.01% and a month on month decrease of 11.4%. From January to September 2023, China exported 530000 tons of carbon black, a decrease of 19.09% compared to the same period last year, and the export volume decreased by approximately 125000 tons.
Overall, the current carbon black market remains at a high level of operation, with downstream tire companies maintaining just in need of goods. The quoted prices in the carbon black market are strong, and it is expected that the carbon black market will operate weakly in the short term. The future trend focuses on downstream demand.
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