According to the data monitored by business associations, the price of domestic carbon black quoted 7,000 yuan/ton on September 30, with a small fluctuation and a price fluctuation range of 100-300 yuan/ton. This week, the price of carbon black was mainly volatile.
Market quotation
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Under the high pressure of national environmental protection supervision, the start-up rate of carbon black industry is limited and supply shrinks. The price of coal tar, the main raw material, remains high, which provides a solid support for the price of carbon black. Domestic passenger car sales have recovered and car ownership has increased steadily. The demand for carbon black is driven by the boom of tire market. Domestic carbon black enterprises are expected to follow the rising tide of prices, thereby increasing profits in the second half of the year.
International aspects
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Recently, overseas giants such as East China Sea Carbon Black and Eurelon, which belong to Japan Donghai Carbon Group, have raised their quotations for carbon black products in North America by about $100 per ton. Due to the difference between overseas carbon black raw materials and domestic market, and the demand of the lower reaches has not been improved, domestic carbon black enterprises are still facing greater operational pressure.
Listed company
At present, the carbon black listed companies in the two cities mainly include Longxing Chemical Company, Black Cat Company and Yongdong Company. All three companies have issued performance forecasts for the first half of the year, which have fallen sharply.
Future market forecast: Carbon black market is expected to rebound in the future stable market.
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