Carbon Black Monthly Review
1.Carbon black market analysis
As of January 24, the average monthly price of N330 mainstream quotation in the carbon black market was 6,629 yuan/ton in Shandong, down 475 yuan/ton from the average price of the previous month; 6541 yuan/ton in Shanxi, down 463 yuan/ton from the average price of the previous month; 6800 yuan/ton in Hebei, down 377 yuan/ton from the average price of the previous month; 6906 yuan/ton in Guangzhou, down 305 yuan/ton from the average price of the previous month; 6794 yuan/ton in Zhejiang, down 310 yuan/ton from the average price of the previous month. Although the price of raw materials continued to rise, and at the same time, affected by the decline in the volume of downstream tire market receipts, the price of new orders at the carbon black market fell narrowly, and then the price of tar continued to rise, and the cost of carbon black enterprises was under pressure. At the middle of the month, the market price rose one after another, but the downstream tire companies had maintenance during the Spring Festival holiday, so there were not many new orders, but the manufacturers' offer prices have risen one after another. At the end of the month, the production rate of carbon black enterprises fell in a narrow range, and the pressure on the supply side of the field eased, and it is expected that the price of new orders at the carbon black market will remain high after the holiday. Forecast for the future market: In the next cycle, the market price of carbon black will have a strong performance. Before the Spring Festival, the price of raw materials in the market increased significantly, and the cost of the carbon black market was under greater pressure, and the raw material market was still expected to rise after the holiday, resulting in the strong operation of the new offers in the carbon black market, and the downstream tire market resumed production after the Spring Festival, and the demand for new orders increased, so the carbon black market will still be strong.
2. High-temperature coal tar market analysis
In January, the domestic coal tar market was positive, as the price fell to a new low in recent years at the end of December, the buying sentiment of downstream factories rebounded, especially the sentiment of traders entering the market increased, coupled with the continued decline in coke prices, the enthusiasm for production was generally not high, and some areas were affected by environmental protection, and the capacity also declined, and the supply of high-temperature coal tar decreased. With the approach of the Spring Festival holiday, the raw material replenishment behavior of downstream factories was positive, and the supply and demand side of the field showed a phased tension, driving the coal tar market price to rise. Until the end of the month, the tight supply and demand situation in the market was still difficult to ease, and the market has maintained an upward trend.
3. Anthracene Oil Market Analysis
In January, the price of anthracene oil showed a gradual upward trend, mainly due to the continuous rise in the price of high-temperature coal tar on the cost side. The cost formed a strong support, and there was a demand for replenishment in the downstream near the Spring Festival, and the market price continued to rise. However, the profits of downstream carbon black enterprises decreased, and at the end of the month, the downstream successively had limited capacity to receive a large number of goods at high prices and high logistics costs, so the transaction situation wasn’t optimistic.
