Positive support is obvious, coal tar pitch price continues to rise

Current review: On May 13, coal tar pitch market coal tar pitch offered upward, and the mainstream new orders of modified coal tar pitch in the main production regions were negotiated and referred to 6400-6800 yuan/ton. This week the domestic coal tar bidding price fluctuated. Coal tar price in Shandong, Hebei and Henan continued to rise. Coal tar pitch can be used to prepare high-performance graphite electrode for electric furnace steelmaking. Although the coal tar price in Shanxi has declined, the overall market price is still high. At present, coal tar processing enterprises’ offer in Shandong, Hebei and Henan is still upward. 

Table: Domestic coal tar pitch market mainstream transaction price

Recently, the overall start-up of coal tar deep-processing enterprises has increased, and the supply of coal tar pitch has increased, but the downstream market demand is stable. At the same time, the good performance of coal tar pitch export trading and the positive market demand side providing a good support for the coal tar pitch market.

At present, the overall coal tar price remains high, and some regions’ prices continue to rise. The cost support of coal tar processing enterprises is strong, the downstream market demand is good. The coal tar market is still dominated by favorable supporting factors, so the price will still run high in the later stage. Contact us for the latest market forecast.