According to data monitored by Business Society, the carbon black market price was weak this week. As of the 20th, the domestic N220 carbon black market price was at 9533 yuan/ton.
In terms of raw materials, the market price of high-temperature coal tar experienced a slight decline this week. As of current data, the market price of coal tar in Shandong region has dropped to 4600 yuan per ton. Due to the significant increase in coke prices, this has greatly boosted the production power of coking enterprises, leading to a significant increase in the market supply of coal tar. The downstream deep processing market is currently facing the dilemma of market downturn, with reduced production load of enterprises and few large transaction orders in the market. This market atmosphere has formed a strong pressure on raw material prices, and it is expected that in the short term, the price of high-temperature coal tar will continue to maintain a weak trend.
Production situation: The supply of carbon black in the market is relatively sufficient this week, and most carbon black enterprises have maintained stable production.
In terms of terminals, the demand for tire replacement markets at home and abroad has been sluggish, and the shipping pace of the tire industry has significantly slowed down. Recently, some tire companies have been producing at low loads to alleviate pressure, while the sales performance of downstream rubber products industry has been lackluster. Overall, the circulation speed of goods is average, and manufacturers mainly make up for shortages. The overall enthusiasm for purchasing carbon black is average, and the fundamental support is weak. As a result, the shipping volume of carbon black enterprises has become slow, and the momentum of price increases is clearly lacking momentum.
Outlook for the future: Strong pressure from the terminal, weak prices in the high-temperature coal tar market, and relatively limited support for the cost of carbon black; At the same time, the downstream market has a relatively low demand for carbon black raw materials, and the demand side is still weak. Therefore, the carbon black market is expected to continue to maintain the current weak operating trend.
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