According to the data monitored by the business agency, on August 27, the domestic carbon black quotation was 7033 yuan / ton, with a slight price fluctuation, ranging from 100 to 300 yuan / ton. The carbon black market was mainly volatile this week.
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Market conditions
Since June, carbon black downstream demand has continued to be good, driving carbon black demand. On the supply side of the industry, due to the low price in the early stage and the rise of coal tar price of raw materials, the operating rate of the industry dropped to about 50%, and the supply contracted, and the industry inventory continued to decline. Under the influence of multiple factors, carbon black industry ushered in a reversal.
Import and export
According to the statistics of the customs, in June 2020, the import volume of carbon black was 7294.6 tons, an increase of 37.1% over the previous month and a year-on-year increase of 7%. The main sources of imports were Japan (15.4%), the United States (14.4%), South Korea (11.7%), Belgium (11.3%), and Germany (9.4%). Shanghai (41.47%), Guangdong Province (20.56%) and Zhejiang Province (7.42%) ranked the top three in import volume.
In June 2020, the export volume of carbon black was 40240.5 tons, an increase of 71.1% over the previous month, and a year-on-year decrease of 33.8%. The main export countries are Thailand (38.4%), Vietnam (18.4%), Taiwan (9%), India (7.7%) and Indonesia (7.2%). The main export provinces and cities are Jiangxi Province (24.58%), Shanghai City (20.83%) and Shandong Province (16.01%).
In the first half of 2020, the total import volume of carbon black was 40000 tons, an increase of 11.3% over the same period last year. Novel coronavirus pneumonia has been the first to recover from normal in China. Domestic enterprises have been fully recovered and regenerated, and their business environment is good. The demand for downstream tyres and automobiles has improved and the demand for high-end carbon black imports has increased.
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In the first half of 2020, the total export volume of carbon black was 300000 tons, a decrease of 22.3% compared with the same period last year. In the first quarter of this year, the new crown epidemic broke out in China, and the whole country closed the city to fight the epidemic, and the output and export volume of carbon black decreased. In the second quarter, although China’s carbon black industry resumed production and increased supply, the new crown epidemic in major developed economies abroad was serious, which had a great impact on the international tire and automobile industry, indirectly restricting the demand for carbon black, and reducing foreign orders The export volume of carbon black decreased.
listed company
Black cat shares for domestic carbon black dragon head. The company’s existing carbon black production capacity of 1.2 million tons, continue to promote technology updates, new equipment to reduce raw material oil consumption, further reduce costs, while expanding the diversification of carbon black products. When the price of carbon black increases by 100 yuan / ton, EPS will be increased by 0.12 yuan. In addition, the company has actively expanded the fine chemical industry, actively cooperated with Anhui Shilian special solvent company, focusing on the production of sulfonated alkali soluble phenolic fine chemical products and crude phenol refining, including m-cresol, Resorcinol, etc. the investment layout has begun to enter the harvest period, opening up new growth space.
Jinneng technology is the leading coal coking company in China. The current production capacity of the company is 2.3 million tons of coke, 240000 tons of carbon black, 60000 tons of silica, 15000 tons of p-methylphenol, 120000 tons of sorbic acid (potassium), 100000 tons of benzene hydrogenation and 200000 tons of methanol. At present, the production capacity under construction mainly includes 900000 T / a propane dehydrogenation and 8×60000 T / a carbon black cycle project, and the first phase of 2×450000 T / a high performance polypropylene project. After being put into operation, the profit is expected to increase by 1 billion yuan and 670 million yuan respectively, which will help the long-term development of the company. When the price of carbon black increases by 100 yuan / ton, EPS will be increased by 0.03 yuan.
Aftermarket forecast: the carbon black market is expected to have a slight recovery in the future.
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