Carbon Black Market Analysis：Issue about 20240118

Market price analysis of carbon black：

This week the domestic carbon black market prices run smoothly. Up to now, the market price of N330 carbon black is 7100-8000 yuan/ton.

In terms of raw materials, as the price of coal tar continues to fall in the early stage, downstream factories gradually turn from deficit to surplus, and the enthusiasm of procurement has increased. This week, the market price of coal tar has fluctuated, and the current low price of coal tar has no support for the cost of carbon black. Terminal, the early shutdown tire enterprises have resumed work, the tire industry capacity utilization rate has increased significantly, but the shipment continues slow trend, the serious accumulation of inventory in the field, the enthusiasm for carbon black raw material procurement is not good, the trading atmosphere in the field is relatively quiet, it is expected that the carbon black market is weak in the short term.

Outlook:

1. The high-temperature coal tar market operates at a low level, which has little support for the cost of carbon black;

2. The stocking mood of the downstream tire industry is not high, and the carbon black raw materials are maintained to suppress the attitude. The trading atmosphere in the field is relatively quiet, and the carbon black market is expected to operate weakly in the short term.

Analysis of carbon black market index：

According to Tu Duoduo data, as of January 18, the carbon black price index was 7572.5, unchanged from the previous week.

Profit analysis of N330 in carbon black industry

This week, the price of raw material high-temperature coal tar fluctuated, the price of carbon black market was firm, and the profit of carbon black industry increased compared with before. Up to now, the theoretical profit of carbon black industry was 321 yuan/ton, an increase of 101 yuan/ton compared with last week.

This week’s market operating rate statistics：

The weekly operating rate of domestic carbon black industry was 64.12% this week, down 1.04% from last week; Some carbon black enterprises in Shandong province have carried out equipment maintenance, and most other carbon black enterprises have started and run smoothly, while the operating rate of dragging carbon black enterprises has been reduced narrowly.

Downstream market start analysis

The operating rate of downstream all-steel tire sample manufacturers was 64.32% this week, up 2.02% compared with the previous cycle; At present, the tire enterprises have resumed operation, and the capacity utilization rate of the tire industry has increased significantly, which has promoted the overall operating rate of the all-steel tire industry.