According to data monitored by Business Society, carbon black prices have remained stable this week. As of now, the domestic N220 carbon black market price is 8633 yuan/ton
In terms of raw materials, the price of coal tar in the market has fluctuated this week. As of the 12th, the price of coal tar was 3602 yuan/ton, a decrease of over 600 yuan/ton from January 1st, a decrease of 14.7%. Currently, the low price of coal tar has weak support for the cost of carbon black. With the continuous and significant decline in coal tar prices in the early stage, some downstream traders have started to purchase on dips, and downstream factories have gradually turned from losses to profits, increasing their purchasing enthusiasm. The current price of coal tar is fluctuating at a low level, and the rebound momentum of the coal tar market is insufficient. In the short term, the price is in a relatively weak and stable state.
Supply and demand side: Compared to the previous period, the operating rate of most carbon black enterprises has not changed much and fluctuates within a narrow range.
In terms of terminals: The overall shipment of downstream tire industry is average, with severe accumulation of on-site inventory, and the domestic market demand is becoming increasingly scarce. The transportation volume of goods in the northern logistics industry has significantly decreased, and the demand for tire replacement has sharply decreased. Terminal demand is weak, and enterprise inventory continues to slowly increase. Some tire companies are carrying out equipment maintenance to reduce production burden. The sales pressure in the current tire market is not decreasing, and some companies have launched large-scale promotional policies, mainly focusing on digesting inventory.
In the future, the high-temperature coal tar market may continue to be weak, providing poor support for the cost of carbon black; Manufacturers have poor enthusiasm for purchasing carbon black raw materials, and their entry into the market only maintains a basic demand, resulting in a relatively quiet market trading atmosphere. In the context of a sluggish market, the downstream terminal tire industry is expected to experience weak consolidation of carbon black in the short term due to multi-dimensional demand for goods entering the market.
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