According to data monitored by Business Society, the domestic carbon black market has been on the rise this month. On August 31st, the domestic carbon black N220 was quoted at 10566 yuan/ton, mainly due to the rebound in the coal tar market, which provided impetus for the rebound in the carbon black market. The new single price of carbon black has significantly increased.

Cost side: In terms of raw materials, at the beginning of this month, coal tar prices rose, while carbon black prices continued to rise driven by costs. In mid month, coal tar prices peaked and declined. Entering the last week of August, downstream buying sentiment significantly rebounded, and there were some positive factors on the market. The atmosphere of the coal tar market has warmed slightly, with prices relatively stable and slightly upward. At present, coke companies have a strong enthusiasm for price increases, and the coal tar market atmosphere is good. The cost support for carbon black is still acceptable.

Supply and demand side: Most carbon black enterprises maintain normal operating levels, and recently, there have been carbon black manufacturers in Shandong and Shanxi stopping or reducing production. Currently, the overall inventory of the carbon black industry is not high.

In terms of terminals, the operating level of downstream enterprises is relatively good. In terms of demand, the tire industry in the downstream main market has shown stable performance. With strong support from 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.

Overall, there are both positive and negative factors in the current market. It is expected to enter the peak season of traditional demand for gold, silver, and other metals. It is expected that the short-term carbon black market will be stronger, and the future trend will focus on downstream demand.