Carbon Black Daily: The Downturn Is Set; No Point Fighting (Nov 11)

November 12, 2026

TDD-Global

9942

Guide

Highlights at a glance

The carbon black market faces a downturn with price index declines and bearish factors impacting upstream coal tar markets. Supply among producers remains stable but low operating rates persist due to weak industry profitability. Downstream demand is subdued, with buyers negotiating lower prices and new orders trending downward. TDD-Global connects verified suppliers and buyers worldwide, offering opportunities for bulk commodities, specialty chemicals, and tailored solutions.

Carbon Black Daily: The Downturn Is Set; No Point Fighting It

1. Carbon Black Index

According to TOODUDO estimates, the carbon black price index stood at 9,283 on November 11, down 19 from the previous trading day.

2. Carbon Black Market Prices

3. Market Analysis

Upstream raw materials. Coal tar prices were CNY 5,560 per tonne in Shandong, CNY 5,550 per tonne in Shanxi, and CNY 5,560 per tonne in Hebei. The domestic high-temperature coal tar market remains mainly wait-and-see; bearish factors for coal tar have increased and a downside move is more likely, though supply-demand fundamentals temporarily limit the extent of the decline.

Carbon black supply. Operating rates among sampled domestic carbon black producers edged up narrowly, with mixed moves across plants. As the heating season approaches, some producers plan supply-security arrangements, and operations are expected to stay stable going forward; the later market will see large plants running steadily and small plants at low loads. Overall, operating rates are expected to fluctuate within a limited range, adjusting narrowly.

Downstream demand. Industry profitability is reportedly weak; some plants run at only around 40–60% capacity with low operating loads. A few mid-to-large enterprises are in fair shape, producing flexibly to order, but some product specifications are incomplete and certain grades are in tight supply.

4. Outlook

In the domestic carbon black market, new-order negotiations are ordinary, and new-order prices are trending down. After some coal tar tender prices came out, new orders moved lower accordingly; cost-side factors weigh on negotiations and the floor support has weakened. At the same time, downstream tire buyers are not very active, mostly purchasing on rigid demand, with a slow off-tempo and limited acceptance of high prices. Trading is under pressure, and buyers and sellers remain locked in a stalemate, so new orders carry a certain downward expectation.

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