According to data monitored by the Business Society, the domestic carbon black market has remained stable and slightly declined during the cycle. On August 21, the domestic carbon black N220 quotation was 10166 yuan/ton, mainly due to the continued decline in raw material coal tar prices in some regions, which has provided cost support for carbon black enterprises.

Cost side: In terms of raw materials, as of August 21, the market price of coal tar was 4760 yuan/ton, and the price of coal tar has decreased during the cycle. Downstream products continue to decline, and downstream factories are facing increased losses. The overall buying atmosphere for raw coal tar downstream factories remains sluggish. Under the continuous fermentation of bearish factors, it is expected that the coal tar market price will continue to decline in the short term.

Supply and demand side: Most carbon black enterprises maintain normal operating levels, and the overall operation of the domestic carbon black market is stable, with sufficient supply in the carbon black market.

In terms of terminals, downstream enterprises have a decent level of operation, but they have a strong resistance to high priced carbon black sources, and their purchasing enthusiasm is average. They often maintain a low price state for inquiries, and there is currently no significant benefit on the demand side. Recently, the price policy has remained unchanged, and the activity of factory procurement has decreased compared to the previous period. Terminal demand is in a weak and difficult to improve stage.

Overall, under the strong bearish atmosphere in the market, incoming inquiries have maintained a suppressed attitude, and demand is sluggish and difficult to improve. The bearish news on the market is widespread, and it is expected that the short-term carbon black market will operate weakly.