According to data monitored by Business Society, the domestic carbon black market prices have slightly increased this week. On July 30th, the domestic carbon black N220 was quoted at 8733 yuan/ton, mainly due to a decline in raw material prices in the early stage, poor downstream shipments, weak demand side performance, and a gradual increase in bearish factors on the market.
Cost: In terms of raw materials, the market price of coal tar has begun to rise, most of the deep processed products are linked to the raw material Coal tar, and the supply side of Coal tar market is tight. This week, the market price of high-temperature Coal tar has risen. So far, the market price of Coal tar is 4240 yuan/ton.
Supply and demand side: Most carbon black enterprises maintain normal operating levels, and the overall operation of the domestic carbon black market is stable, with sufficient supply in the carbon black market.
In terms of demand: The overall demand of downstream tire enterprises is weak, still in the traditional sales off-season. Recently, there has been insufficient construction and construction work, and domestic demand has further weakened. Enterprises mainly need to purchase just now, and terminal demand continues to be weak. The overall demand in the future is not very optimistic.
Overall, the cost side support has increased, inventory levels are not high, and there has been no significant improvement in the demand side. It is expected that the carbon black market will be reorganized and operated in the short term.
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