Price trend
According to the data monitored by SunSirs, the domestic carbon black price was 8,200 RMB/ton on October 14, and the price of raw materials continued to be high.
Analysis review
Tire companies, the main users of carbon black, have performed well in their overall operating load. Spurred by the expected increase in tire prices, the current channel stocking is active, tire manufacturers have shipped smoothly, and inventory has dropped significantly. Under this circumstance, tire manufacturers are becoming more enthusiastic about production, and the industry is more optimistic about the demand for tires this month.
The demand of downstream tire companies is improving, the supply of carbon black is tightening, and the price of raw coal tar is firm, nd the cost of carbon black companies is under pressure. Some manufacturers are reluctant to sell at low prices when the inventory is not high.
Market outlook
SunSirs’analysts predict that mainstream carbon black manufacturers may raise prices again in the short term.
