According to the data monitored by the business community, the domestic price of carbon black was 7250 yuan / ton on November 30, with a price fluctuation range of 100-300 yuan / ton. The price of carbon black rose this month.

2、 Market analysis

From January to may 2020, the supply and demand of carbon black fell due to public health events, crude oil slump and other factors. From early June to the end of November, the market price of carbon black rose. The market price of carbon black is stable and rising.

Industrial chain:

From the perspective of raw materials, the price of coal tar is warming: the price of coal tar, the main raw material for carbon black production, is rising, which has obvious psychological support for the rise of carbon black price. In June, the mainstream price of coal tar in the main producing areas increased by 300-500 yuan / ton. In the fourth quarter, with the withdrawal of 4.3m coke ovens in some areas, the tight supply of coal tar was aggravated. Since September, the domestic high-temperature coal tar market has kept rising for 10 weeks, with only a slight correction in one week. As of December 1, the mainstream reference in Shandong and Jiangsu was 2770 yuan / ton, and a few high-end references were 2800-2820 yuan / ton In Taiyuan and Luliang areas of Shanxi Province, the price is 2850-2910 yuan / ton, and in Linfen area, the price is 2910 yuan / ton.

In terms of demand, the main downstream operation rate increased in the second half of the year. In October 2020, China’s automobile production and sales increased by 11.0% and 12.5% year on year respectively. As of October, automobile production and sales have achieved year-on-year growth for seven consecutive months. At the same time, the steady recovery of tire export orders supports the high start-up and high continuity of tire factories. According to Zhuo Chuang’s statistics, the demand for carbon black in tires from June to October 2020 increased by nearly 120000 tons compared with the same period last year, while the output of carbon black enterprises decreased by 47600 tons.

From the perspective of carbon black market capacity, affected by environmental protection, the supply of carbon black production enterprises is tight: the low inventory of carbon black enterprises and the blocked start-up load of the industry lead to the shortage of carbon black supply, which is the main reason for the rise of carbon black price. The second half of 2020 is approaching the end of the 13th five year plan and the battle to defend the blue sky. The air pollution control policy requirements in autumn and winter of 2020-2021 are particularly strict. The areas involved include the main carbon black producing areas: Beijing Tianjin Hebei and its surrounding areas, Fenwei plain, Yangtze River Delta, etc. the enterprises are required to limit production by 20-50%, and the affected production capacity of carbon black industry is nearly 2.8 million tons.

3、 Future forecast

Business society chemical branch carbon black data division that: carbon black market steady growth.