According to data monitored by Business Society, the price of domestic carbon black has slightly declined in November. On November 5th, the domestic carbon black N220 was quoted at 11033 yuan/ton

Cost side: The coal tar market prices have started to decline this week, with differentiated market performance across different regions. Downstream deep processing products suffer severe losses, with a significant decline in enterprise operating rates. The willingness to purchase raw coal tar is relatively negative, and the enthusiasm for receiving goods is average. As of now, the domestic price of coal tar in the market is 4750 yuan/ton. The trend of the coal tar market is relatively pessimistic, with weakened support for the cost side of carbon black. Although the operating situation of carbon black enterprises has declined, their profits are still good, and there is a certain demand for coal tar.

Supply and demand side: Most carbon black enterprises maintain normal operating levels, and currently the overall inventory of the carbon black industry is not high, resulting in a tight overall supply.

In terms of terminals, downstream tire companies have some raw material support this week, and their enthusiasm for purchasing goods is average. The domestic market demand for downstream tires and rubber industry is weak and flat, with a small amount of replenishment of raw material carbon black as the main focus. There is a strong bearish atmosphere in the market, with most inquiries entering the market mainly focused on price suppression, and the demand side still maintains strong demand.

Overall, the carbon black market is currently operating at a high level of volatility, with downstream tire companies maintaining just in need of goods, and the raw material end continues to weaken with moderate support. It is expected that the carbon black market will operate weakly in the short term, and future trends will focus on downstream demand.