Price trend
According to the data monitored by SunSirs, the domestic carbon black price was 9,200 RMB/ton on December 20.
Analysis review
The price of raw coal tar continued to decline, and domestic carbon black prices began to fall from a high level. According to different circumstances, the transaction prices varied slightly between manufacturers, and downstream market demand still did not improve. Recently, the epidemic situation in southern China has worsened, and some rubber products companies in Zhejiang have suspended production due to the impact of the epidemic, and the market demand for carbon black products has further shrunk.
Affected by the price of raw materials, the cost of downstream tire manufacturers has increased, and the tire industry has ushered in a wave of price increases. The current tire supporting market is affected by the supply chain and the peak season is not prosperous, and the production and sales figures are much lower than the same period in previous years; The traditional off-season replacement market is even more unfavorable. Channel social inventories are full, market shipments are slowing down, and tire company inventories are also increasing, and the new round of tire price increases is hindered.
Market outlook
The carbon black data engineer of SunSirs believes that under the background of the downward trend of raw materials, the price of carbon black may be weakened in the market outlook.
