According to data monitored by Business Society, the domestic carbon black market prices were relatively strong at the end of the month. On June 30th, the domestic carbon black N220 was quoted at 9033 yuan/ton.

Cost: In terms of raw materials, the auction price of new orders in the main production area of high temperature Coal tar in China rose again as a whole near the end of the month, with the range of 330-460 yuan/ton. Affected by cost fluctuations, the operating sentiment of carbon black industry has risen. Up to now, the market price of Coal tar is 3950 yuan/ton. The price of coal tar pitch also rebounded this week, and the operating profit and loss of deep processing enterprises have been improved. In this case, the downstream receiving of Coal tar just needs support, the Coal tar market has improved, and the support for carbon black cost side has become stronger.

Supply and demand side: Most carbon black enterprises maintain normal operating levels, with little change in operating this week. Currently, the inventory of mainstream carbon black manufacturers in the market is generally low, and the overall inventory level of the carbon black industry is not high, resulting in a relatively balanced market supply and demand..

In terms of demand: The overall operating situation of downstream rubber conveyor belt enterprises is poor, and the demand for carbon black market is further decreasing. June is the traditional off-season for downstream tire sales, and the demand side may further weaken. The market is mostly in a wait-and-see state, and the bearish atmosphere is gradually deepening, and the transaction volume in the carbon black market is weak. At present, purchasing is mainly based on hard demand, and there is currently no obvious positive news in the market. From the demand side, the overall demand in the future is not very optimistic.

Overall, the cost side support has increased, inventory levels are not high, and there has been no significant improvement in the demand side. It is expected that the trend of carbon black will be stronger in the short term.