According to data monitored by Business Society, domestic carbon black has been operating steadily at a high level this week. On October 13th, the domestic carbon black N220 was quoted at 11400 yuan/ton

Cost side: The coal tar market price has slightly increased this week, with high level consolidation and operation being the main focus. Downstream enterprises have a good atmosphere of restocking after holidays, and there is a strong atmosphere of speculation on the market. The supply of coal tar market is relatively tight. As of now, the domestic price of coal tar market is 5140 yuan/ton. Currently, upstream and downstream enterprises have strong quotations, providing strong support for carbon black cost side.

Supply and demand side: Most carbon black enterprises maintain normal operating levels, and currently the overall inventory of the carbon black industry is not high, resulting in a tight overall supply.

In terms of terminals, downstream enterprises have a relatively high level of operation, and tire shipments are relatively smooth. In terms of demand, supported by strong export orders, the tire industry has been operating at a high level recently. The strong demand in the tire industry has provided strong support for the upward trend of carbon black, and the demand side is driven by an atmosphere of buying up and not buying down. The entry into the market for purchasing is relatively positive, and the overall trading atmosphere is acceptable.

Overall, there are many positive factors in the current market, and it is expected that the short-term carbon black market will maintain a high level of operation, with a stronger consolidation operation. The future trend will focus on downstream demand.