According to data monitored by Business Society, the price of carbon black continued to decline in the second week of November. On November 13th, the domestic carbon black N220 was quoted at 10466 yuan/ton

Cost side: The price trend of coal tar has declined this week, with severe losses in downstream deep processing products. The operating rate of enterprises has significantly declined, and the market performance in various regions has differentiated. Some regions have already experienced a situation where the prices of coal tar and raw coal tar are inverted, and their willingness to purchase raw coal tar is relatively negative. There is a strong bearish atmosphere on the market. As of now, the domestic price of coal tar in the market is 4437 yuan/ton, and the trend of the coal tar market is relatively pessimistic. The support for the cost side of carbon black is weakened, and the price decline in the coal tar market is increasing. It is expected that the price of coal tar will be weak in the short term.

Supply and demand side: Most carbon black enterprises maintain normal operating levels, and the overall inventory of the carbon black industry is not high. Although the operating situation of carbon black enterprises has declined, their profits are still good, and they have a certain demand for coal tar oil.

In terms of terminals, the downstream tire and rubber industry’s domestic market demand is weak and flat, with a small amount of replenishment mainly for 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.