According to data monitored by Business Society, the domestic carbon black market prices were weak and downward this week. On November 19th, the domestic carbon black N220 was quoted at 10100 yuan/ton

Cost side: This week, the price trend of coal tar has declined, and downstream deep processing products have suffered severe losses. The operating rate of enterprises has significantly declined, and the sluggish situation of deep processing products is difficult to change. The coal tar market is difficult to find favorable results. Downstream product prices of coal tar have all experienced varying degrees of decline. In some regions, there has been a situation where the prices of coal tar and raw coal tar are inverted. The willingness to purchase raw coal tar is relatively negative, and there is a strong bearish atmosphere on the market. As of now, the domestic price of coal tar in the market is 4350 yuan/ton. The trend of the coal tar market is relatively pessimistic, and support for the cost side of carbon black is weakened. It is expected that the price of coal tar will be weak in the short term.

Supply and demand side: Most carbon black enterprises have maintained normal operating levels, and since October this year, the carbon black market prices have remained high. Despite the good consolidation and profitability of the carbon black industry, carbon black enterprises have less equipment maintenance and high enthusiasm for operating. In October, carbon black production reached a historic high, and there is sufficient supply of carbon black goods on the market.

In terms of terminals, the downstream tire and rubber industry’s domestic market demand is weak and flat, and most enterprises still have stock, mainly replenishing a small amount of raw material carbon black. Affected by the market’s tendency to buy up rather than down, the acceptance of carbon black is relatively negative, and the market has a strong bearish atmosphere. Inquiries into the market are mainly focused on price suppression, while the demand side remains in high demand.

Overall, the current carbon black market is operating in a weak and volatile manner, with downstream tire companies maintaining just in demand for goods, and the raw material end continues to weaken with moderate support. The bearish factors on the market are dominant, and it is expected that the carbon black market will operate weakly in the short term. The future trend will focus on downstream demand.