【Coal tar pitch】Market Recent Significant Increase!

Market Overview

On May 19th, the coal tar pitch market continued to experience a significant increase! The mainstream acceptance ex-factory price is at 3800-4200 yuan per ton. Coal tar pitch has seen a substantial rise, influenced by the increase in raw material prices. Calcined coke product information for your reference. This has boosted the enthusiasm for downstream deliveries of coal tar pitch, although cost pressures remain, resulting in cautious quoting.

Compared to the previous day, the coal tar pitch market prices are as follows: Shandong region at 4000 yuan per ton, a surge of 1000 yuan; Hebei region at 3900 yuan per ton, a surge of 1000 yuan; Shanxi region at 3900 yuan per ton, a significant rise of 400 yuan; Henan region at 3900 yuan per ton, a substantial increase of 700 yuan. 

01 

Upstream Raw Materials

Regarding upstream raw materials: Due to the recent limited production measures implemented by coke producers in various regions, the overall operating rate of the coking industry has declined. Furthermore, under the trend of sharp decline in coal tar pitch prices in the previous period, traders have increased their purchasing activity. As a result, the supply of coal tar pitch in the market has tightened, leading to a significant rebound in prices. In Shanxi region, the new coal tar pitch contract price has reached a high of 3650 yuan per ton, an increase of 1120 yuan per ton, representing a rise of 44.3%. Shandong saw an increase of 300 yuan per ton to 3100 yuan per ton, while Hebei rose by 485 yuan per ton to 3235 yuan per ton, and Anhui increased by 530 yuan per ton to 3405 yuan per ton. On May 19th, the coal tar pitch market experienced partial price recovery, with the average high-temperature coal tar pitch price reaching 3235 yuan per ton, up by 135 yuan per ton compared to the previous day.

02 

Downstream Demand

Regarding downstream demand: Purchasing activity has been proactive, with increased inquiries. It is expected that the overall new contract transactions will rise by around 500 yuan per ton during the week.

03 

Future Market Forecast

In terms of upstream coal tar pitch, the market is expected to continue the upward trend, which is favorable for coal tar pitch prices. Meanwhile, although there hasn't been a significant improvement in downstream production, with overall demand relatively unchanged, manufacturers have been cautious in taking new orders, resulting in fewer orders. As a result, the strong support for essential coal tar pitch needs provides room for price increases in the coal tar pitch market. More information on carbon products, welcome your Inquiry.