According to the data monitored by the business community, the price of carbon black in the downstream market has also risen recently, driven by the rising price of raw material coal tar. On May 24, the domestic carbon black N220 was quoted at 8233 yuan/ton.

Cost side: Recently, the raw material coal tar market has been operating stably, with good support for carbon black cost side. The prices of coal tar pitch and anthracene oil in the downstream have both risen significantly, driving up the market price of coal tar. Driven by the rising price of raw materials, the market price of carbon black has also risen.

Supply and demand side: Currently, carbon black manufacturers have produced carbon black from high priced raw materials in the early stage, and there is a buildup of inventory on site. Some carbon black enterprises have arranged for a slight reduction in their inventory, while most carbon black enterprises maintain normal operating levels. Downstream market procurement is cautious, with most of them focusing on hard demand.

In terms of downstream tire companies and other rubber product industries, the overall operating rate remains stable, finished product inventory is at a reasonable level, there is a strong wait-and-see atmosphere, and transactions in the carbon black market are relatively weak.

On the whole, the raw material coal tar market is operating stably, and the cost side has some support, but the downstream demand has not improved significantly, and there is no positive phenomenon in the field. It is comprehensively expected that carbon black will maintain stable operation in the short term.