According to data monitored by Business Society, the domestic carbon black market price has risen during the cycle. On August 14th, the domestic carbon black N220 was quoted at 10133 yuan/ton, mainly due to the high price of raw material coal tar market, which provides good support for the cost of carbon black.

Cost side: In terms of raw materials, as of August 14th, the market price of coal tar is 4955 yuan/ton. During the cycle, the supply of coal tar is tight, and the downstream construction starts at a stable high level. Most deep processed products and raw coal tar present a parallel situation, and they are actively receiving raw materials. The high performance of the raw material market continues to rise, providing strong support for the cost side of carbon black. It is expected that the high price of coal tar market will consolidate and operate in the short term.

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 terminals, downstream enterprises have a decent level of operation, but they have a strong resistance to the constantly increasing supply of carbon black. Moreover, downstream tire enterprises have already ordered a batch of raw materials at the beginning of the month, and recent price policies have remained unchanged. Factory procurement activity has decreased compared to the previous period, and terminal demand is in a weak and difficult to improve stage. The supply and demand game on the market is expected to see stable operation of the carbon black market in the short term.

Overall, carbon black has good cost support, low inventory levels, and no significant improvement in demand. The market has a strong wait-and-see atmosphere, and it is expected that the carbon black market will operate at a high level in the short term.