Coal tar strong support, carbon black price rises again

September 13, 2022

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This week, affected by the soaring of local coal tar and the rising cost, the domestic Carbon Black market price rose again, by 200-300 yuan. At present, the price of small and medium-sized brand carbon black manufacturers has reached the level of more than 10000 yuan.

This round of carbon black price increase is mainly due to the high cost of coal tar. Since the end of July, affected by the environmental factors of the coal, coke and steel industrial chain, the supply of coal tar has been tight, and the market auction market has continued to rise. In the process, the price of new single auction has continuously broken through history. As of this week, the highest price in some areas has reached 6060 yuan / ton (ex factory price). Carbon black enterprises are facing great cost pressure. Under the situation of generally operating at a loss, The price adjustment mentality of the industry is relatively firm and unified.

Future situation: from the perspective of cost of coal tar, it is difficult to reduce the price of coal tar in September. First of all, the current supply of coal tar market is still tight. From the perspective of the coal, coke and steel industrial chain, there is no possibility of a significant increase in the supply of coal tar in the short term. The downstream deep processing products have recently pushed up smoothly. The mutual achievements of coal asphalt and coal tar show a spiral rise. The demand for coal tar in the deep processing industry is stable. After the Mid Autumn Festival, Deep processing enterprises are immediately faced with factors such as the preparation of goods during the National Day holiday, the convening of the National Congress of the Communist Party of China, and the production limitation of coke enterprises in some regions. Coal tar even does not rule out the possibility of continuing to rise.

From the perspective of supply and demand, at present, the downstream demand is the same as that in August, and the start-up of tire enterprises is weak and stable. However, it should be noted that the supply of carbon black market has been tight in some parts. According to the carbon black industry network, the mainstream carbon black manufacturers in the market have been in a comprehensive shortage of goods. In addition, the current epidemic situation in some regions is unstable, and it is not ruled out that logistics and transportation may be blocked (some enterprises in Yunnan and Shandong are limited). In addition, similar to the situation of coal tar, after the Mid Autumn Festival, some enterprises began to stock up before the 11th National Festival, and the tight supply and demand of carbon black in the market may be intensified.

To sum up, in the short term, the cost of coal tar will have a continuous impact on carbon black in the future, and the overall supply and demand side of the market is stable and favorable for carbon black. In this case, the price of carbon black in September may continue to be strong.

Author:

Ms. Yolanda

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info@jinhetec.com

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