1、 Price trend

According to the data monitored by the business community, on October 30, the domestic price of carbon black was 7350 yuan / ton, which fluctuated slightly. The price fluctuation range was 100-300 yuan / ton, and this month’s carbon black market was mainly volatile.

2、 Market analysis

Market quotation

Last week, coal tar, the raw material of carbon black, continued to ferment due to nervousness, the price rose sharply, the production cost of carbon black rose, and the profit margin of carbon black enterprises was squeezed. Support cost of raw coal tar: coal tar is the main raw material of carbon black. Recently, the trend of coal tar is rising, and the support of carbon black cost side is strong. In addition to the impact of the epidemic, the number of transport vehicles is reduced and the interval transportation is affected; the government and enterprises in the main tire producing areas of Shandong Province have issued policies one after another to encourage employees not to return home during the Spring Festival, enterprises not to stop production during the Spring Festival, enterprises need to prepare goods before the festival and other factors to support, and the new order pricing is expected to rise this week.

Import and export

Carbon black import and export data: China’s carbon black export volume will decline in 2020

According to customs statistics, in December 2020, China’s carbon black import volume was 8724.8 tons, with a month on month growth of 18.5% and a year-on-year growth of 27.3%. The main import sources were South Korea (17.3%), the United States (16.8%) and Japan (15.9%). The top three regions in terms of import volume were Shanghai (31.8%), Guangdong (20.3%) and Jiangsu (11.2%).

In December 2020, the export volume of carbon black was 64766.8 tons, a month on month increase of 0.2% and a year-on-year decrease of 4.8%. The main export countries are Thailand, Vietnam, Indonesia and other countries. Among them, 22230.12 tons were exported to Thailand, accounting for 34.3% of China’s carbon black exports, 23.4% in Vietnam, and 13.2% in Indonesia. The main export provinces were Jiangxi Province (23%), Shanghai City (22.8%) and Shandong Province (17.4%).

3、 Future forecast

In 2021, the downstream demand entered the traditional off-season, coupled with the coming Spring Festival holiday, the price of carbon black continued to push up and store pressure, and analysts believed that the price was stable and fluctuated slightly.