Carbon Black Market Analysis on May 23rd
Today's domestic carbon black market is declining, as of now, the mainstream price of N330 in the carbon black market is 7700-8600 yuan/ton.
In terms of cost: today's high-temperature coal tar market price in China fell in a narrow range, as of now, the market price of high-temperature coal tar in Shandong is 4550 yuan/ton. The losses of downstream deep processing and carbon black enterprises are difficult to stop, and the expectations of enterprises to reduce the burden are strong, which strongly drags down the coal tar market, and the high-temperature coal tar market is running weakly, which is weak to support the cost of carbon black.
Supply: Recently, the supply of carbon black market is sufficient, and some carbon black companies have reduced their production.
On the demand side: raw material prices are running at a high level, the production pressure of tire companies is greater, and the profit margin is significantly reduced.
Carbon black index analysis
According to LYDD Data Department, the carbon black price index on May 23 was 8126.5, down 68.5 from yesterday, or 0.8%.
In the short term, the high-temperature coal tar market is sluggish, and the support for the cost of carbon black is weak; The terminal tire and rubber industry has seriously suppressed the price of new orders in the carbon black market, and the focus of transactions in some regions has shifted downward, and it is expected that the price of carbon black market will be weak in the short term.
