Carbon Black Daily Report: Sentiment Is Set, but Transactions Lag Behind(Nov 10)

November 11, 2026

TDD-Global

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Guide

Highlights at a glance

The November 10 Carbon Black Daily Report highlights stable price indexes across key markets, with no significant fluctuations noted in grades such as N220, N330, N660, and N550. Upstream raw material coal tar prices remain resistant to declines but exhibit a cautious outlook. Supply-side operating rates for carbon black production show minimal fluctuations as enterprises prepare for the heating season. Demand remains tepid, marked by slow purchasing activity, limited new orders, and weak buying sentiment. As trade sentiment remains flat, the outlook for the near term reflects consolidation and low engagement, with limited drivers from costs or demand to shift the market toward growth. TDD-Global offers unparalleled connections with verified suppliers and buyers worldwide, enhancing your procurement experience.

Carbon Black Daily Report: Sentiment Is Set, but Transactions Lag Behind

01 Carbon Black Index

According to TOODUDO estimates, the carbon black price index stood at 9,304 on November 10, unchanged from the previous trading day.

02 Carbon Black Market Prices

Prices below are tax-inclusive delivered prices in CNY per tonne.

Market	Grade	Nov 9 (CNY/t)	Nov 10 (CNY/t)
Shanxi	N220	10,200–10,400	10,200–10,400
Shanxi	N330	9,400–9,600	9,400–9,600
Shanxi	N660	9,000–9,200	9,000–9,200
Shanxi	N550	9,000–9,200	9,000–9,200
Hebei	N220	10,800–11,000	10,800–11,000
Hebei	N330	9,400–9,600	9,400–9,600
Hebei	N660	9,400–9,600	9,400–9,600
Hebei	N550	9,900–10,100	9,900–10,100
Guangzhou	N220	10,500–10,700	10,500–10,700
Guangzhou	N330	9,300–9,500	9,300–9,500
Guangzhou	N660	9,300–9,500	9,300–9,500
Guangzhou	N550	9,800–10,000	9,800–10,000
Shandong	N220	10,200–10,400	10,200–10,400
Shandong	N330	9,200–9,400	9,200–9,400
Shandong	N660	9,200–9,400	9,200–9,400
Shandong	N550	9,700–9,900	9,700–9,900
Jiangsu–Zhejiang–Shanghai	N220	10,200–10,400	10,200–10,400
Jiangsu–Zhejiang–Shanghai	N330	9,200–9,400	9,200–9,400
Jiangsu–Zhejiang–Shanghai	N660	9,200–9,400	9,200–9,400
Jiangsu–Zhejiang–Shanghai	N550	9,700–9,900	9,700–9,900
Henan	N220	10,400–10,600	10,400–10,600
Henan	N330	9,200–9,400	9,200–9,400
Henan	N660	9,200–9,400	9,200–9,400
Henan	N550	9,700–9,900	9,700–9,900

03 Market Analysis

1. 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 is mainly in a wait-and-see mode. Supported by supply-demand fundamentals, the market faces some resistance to declines; prices are likely to run slightly weak, with limited room for a sharp drop.

2. Carbon black supply: The operating rate of sampled domestic carbon black enterprises edged up narrowly, with mixed changes across plants. As the heating season approaches, some enterprises have supply-security plans, and operating rates are expected to remain stable later on; the market will thus see large plants operating steadily and small plants running at low loads. Overall, operating-rate fluctuations are limited, with mainly narrow adjustments.

3. Downstream demand: Industry profitability is weak. Some enterprises operate at only around 50%–70% of capacity with low loads. A few mid-to-large plants perform adequately, producing mainly to order, but their product specifications are incomplete and some models are in tight supply.

04 Outlook

New orders in the domestic carbon black market are stabilizing and consolidating; trading sentiment is flat and overall activity is low. Early in the week, wait-and-see sentiment is strong, with buyers and sellers waiting for the outcome of raw-material order talks for guidance. Operations are cautious, and most on-market business consists of executing earlier orders, with insufficient follow-through on new orders. Downstream purchasing remains limited to essential-demand inquiries, the pace is slow, and willingness to buy at high levels is weak, leaving limited new-order volume. Positive factors are currently not evident; neither the cost side nor the demand side offers effective drivers, and market confidence is weak, so new orders are likely to run on the soft side.

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