Waterborne nanoscale carbon black dispersion (NCBD) was widely used in inkjet printing, spun-dyeing fibers and coloration fabrics. In this paper, NCBD was prepared using sodium carboxymethyl cellulose (CMC) as dispersant. Effects of CMC viscosity, ultrasonic time and oxidation with hydrogen peroxide on carbon black (CB) particle size were discussed. The results showed that CB particle size decreased by mechanical agitation while it increased by ultrasonic with the increase of CMC viscosity. Ultrasonic is a more effective method to disperse CB particles than that of mechanical agitation. CB particle size obviously decreased with increasing ultrasonic time and arrived at about 160 nm for 60 min. In addition, oxidation with 2 mol/L of H_ 2 O_ 2 and 0.2 wt% of CMC300 reduced CB particle size to 160 nm at 90℃ for 2.5 h.