Carbon black prices continue to rise

Domestic Carbon Black prices continue to rise this week. On November 24, the price of carbon black in domestic markets rose by 11.15% to 7475 yuan / ton. The mainstream price of N330 carbon black in northern Shandong Province rose to 6800-7200 yuan / ton and that in Guangdong Province rose to 7000-7200 yuan / ton. Since September this year, the price of carbon black has increased by 31%. Since the beginning of June, the price of carbon black has increased by more than 60%. It is reported that several leading carbon black enterprises will raise the price of carbon black by 1000 yuan / ton next month or collectively, and 2000 yuan / ton in the first quarter of next year. It is understood that the operating rate of carbon black is maintained at 65% ~ 70% subject to environmental protection and maintenance. In October, large domestic carbon black manufacturers basically stopped receiving large orders, and the supply and demand of carbon black tended to be tense.

In October, Shanxi will further eliminate about 7% of the coking capacity in the province, and will further push up the price of coal tar products in the medium term. At present, the inventory of carbon black industry is lower than the normal level, and the gap between supply and demand is still obvious. On the downstream side, with the weather getting better, tire manufacturers started to resume normal levels. At present, the northern region has entered the heating season, which will have an impact on the operating rate of coal tar carbon black industry. Under the background of higher operating rate of downstream tire industry and urgent demand for carbon black just needed replenishment, carbon black price may maintain an upward trend.