News summary
Carbon black market was weighed down by falling costs and weak demand in Mayfreerealstrippoker, the possibility of price decline is high. Shandong carbon black N330 price fell 4.4% month-on-monthfreerealstrippoker.65%, high-temperature coal tar prices fell within the month, downstream tire procurement was not active, supply was sufficient, and carbon black fundamentals were weaker.
Newsletter text
[Carbon black market prices have moved downward, and weak demand has led to a sinking of transaction focus] Since entering May, the carbon black market has been affected by the dual impact of declining costs and weak demand, and market prices have shown a downward trend.
[The price range of carbon black N330 has narrowed, and downward pressure on the market has increased] As of May 17, the price range of carbon black N330 in Shandong was 8,100 - 8,300 yuan/ton, and the average price dropped by 400 yuan/ton compared with the beginning of May, a drop of 4.65%. Compared with the same period last year, it increased by 1300 yuan/ton, an increase of 18.84%.
[The price of raw material high-temperature coal tar fell, and cost support weakened] In May, the market for carbon black raw material high-temperature coal tar showed a weak trend in commercial investment, and prices fell. As of May 17, the price of high-temperature coal tar in Shandong dropped to 4700 yuan/ton, down 110 yuan/ton during the month, a decrease of 2.34%.
[Downstream demand for carbon black is sluggish, and tire companies have low purchasing enthusiasm] In May, shipments in the all-steel tire market were blocked, inventory pressure increased, and there was limited room for improvement in operating rates, which affected the enthusiasm of tire companies to purchase carbon black.
[The contradiction between supply and demand of carbon black is prominent, and enterprises 'inventories have increased] Although some large carbon black factories have equipment overhauls, due to the completion of overhauls of large factories in Shandong and Hebei in the early stage and the recovery of operating rates, the contradiction between supply and demand of carbon black is still obvious, and the shipment performance of enterprises is poor., some enterprises have increased their inventories.
[The carbon black market may continue to be weak in the short term, with dual pressures on the cost side and supply and demand side] In the short term, the coke market on the cost side is stable, and the supply of high-temperature coal tar is expected to increase. However, downstream deep processing has greater loss pressure, and coal tar is negotiated, and prices continue to weaken and decline, creating a negative trend for the carbon black market. Downstream tire companies are generally willing to accept carbon black, dealers are cautious in entering the market, and carbon black fundamentals are weak. It is expected that the market will continue to show a weak situation in the short term.