Special issue on carbon black

Carbon black market analysis
This week, the domestic market price of black carbon fell, the price fell at 200-300 yuan/ton. Up to now, the market price of N330 carbon black is 8700-9400 yuan/ton. In terms of raw materials, this week’s coal tar market price was flat with last week, but the price of ethylene tar fell sharply, the raw material market shock, the cost of support is not good.

In terms of terminal, the downstream tire and other rubber products industry of carbon black is basically stable, but under the influence of the continuous decline of carbon black  raw materials, although some enterprises have increased the inquiry, but due to the market price pressure sentiment, the market to get goods only to maintain just demand, weak cannot change, the trading atmosphere is cold, the carbon black market continues to decline.
 
1. Future market forecast:
a. raw material market price is unstable, lack of cost support for deep processing and carbon black enterprises;
b. The downstream market is limited to the acceptance of the price decline of carbon black, there is no positive phenomenon, the market or still weak operation.

1.2 Analysis of carbon black market index
According to Tu Duo Duo data calculation, as of April 6, carbon black price index was 9051, down 284.25 yuan/ton from last week, down 3.04%, carbon black market price stable decline.

Raw material market analysis
2.1 Market price analysis of coal tar
Up to now, the coal tar price in Ningxia increased by 50 yuan/ton, and the coal tar price in Shanxi increased by 30 yuan/ton. The main reason is that the coal tar market price fell sharply to a low point last week, the downstream buying sentiment was strong, the stock on the floor fell rapidly, and the price rose slightly. But coal tar is still showing a downward trend, so the coal tar price rebound range is limited.
2.2 Market price analysis of anthracene oil
Up to now, the market price of anthracene oil in Shandong region is 5150 yuan/ton. The market price of raw coal tar is basically stable, and the cost is not strong in the face of market support. Most orders in the downstream market are mainly for rigid demand, and the anthracene oil market remains stable.
2.3 Market price analysis of ethylene tar
This week the ethylene tar market price fell, up to now, North China market ethylene tar price at 3909 yuan/ton. Raw material coal tar market is still mainly wait-and-see, the market lacks positive factors in the short term, although the international crude oil price is still rising, but the demand for wax oil support power, the downstream market to maintain with the purchase, so the ethylene tar market to temporarily weak finish.

Profit analysis of N330 in carbon black industry
This week, the price of coal tar rose slightly, the price of carbon black was temporarily stable, and the profits of carbon black enterprises increased. Up to now, the theoretical profit of carbon black industry  was 342 yuan/ton, compared with the loss of 222 yuan/ton last week.

4. 1 Market operation rate statistics this week
The weekly operating rate of domestic carbon black industry was 64.26% this week, up 0.61% from last week; This week, the carbon black market price  continued to decline slightly, the carbon black market started a small increase, most of the carbon black enterprises to maintain the normal level of work, other enterprises started overall stable.

4.2 Analysis of downstream market commencement
The operating rate of downstream full steel tire sample manufacturers was 73.24% this week, up 0.7% from the previous cycle; Recently all steel tire market started to run smoothly, the overall inventory is better.