Core Insights - The market for carbon black is currently experiencing cautious price adjustments, with limited negotiation space and a tendency to maintain a range-bound state [1][2] - The coal tar market shows positive trends, with deep processing operations at high levels and potential for further increases, while coking operations are declining, suggesting a return to normal supply-demand balance [1][3] Group 1: Coal Tar Market - The auction quantity for high-temperature coal tar from Xichang Panjiang Coal Coking Co., Ltd. was 1,020 tons, with a starting price of 2,700 CNY/ton and a transaction price of 2,720 CNY/ton, reflecting an increase of 94 CNY from the previous week [1] - The auction quantity for high-temperature coal tar from Panzhihua Panjiang Coal Coking Co., Ltd. was 1,000 tons, with a starting price of 2,670 CNY/ton and a transaction price of 2,750 CNY/ton, indicating an increase of 95 CNY from the previous week [1] Group 2: Carbon Black Market - Carbon black prices are adjusting cautiously, with last week's prices hitting a low point, leading to increased stocking by some downstream players and a rise in demand orders, alleviating inventory pressure for carbon black manufacturers [2] - Most tire manufacturers are still negotiating prices aggressively, with overall tire production in November showing good continuity and stable load levels, with full steel tires at 65% and semi-steel tires at 74% [2] Group 3: Market Forecast - The coal tar prices are expected to show a rebound trend this week, while carbon black prices will depend on the fluctuations in coal tar prices [3]