According to data monitored by Business Society, the domestic carbon black market prices have been operating weakly this week, with a slight decline. On July 24th, the domestic carbon black N220 was quoted at 8666 yuan/ton, mainly due to a decline in raw material prices in the early stage, poor downstream shipments, weak demand side performance, and a gradual increase in bearish factors on the market.

Cost: In terms of raw materials, the market price of high-temperature Coal tar remained stable this week, and so far, the market price of Coal tar is 4062 yuan/ton. After the introduction of the consumption tax policy, there are few new products in the market, and the overall operation of coke enterprises is poor. It is expected that the Coal tar market will be consolidated and operated in the short term.

Supply and demand side: Most carbon black enterprises maintain normal operating levels, and the overall operation of the domestic carbon black market is stable, with sufficient supply in the carbon black market.

In terms of demand: The overall demand of downstream tire enterprises is weak, still in the traditional sales off-season. Recently, there has been insufficient construction and construction work, and domestic demand has further weakened. Enterprises mainly need to purchase just now, and terminal demand continues to be weak. 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 carbon black market will be reorganized and operated in the short term.