From September 1 to September 30, 2022, the domestic coal tar production price will rise as a whole, with the price at the beginning of the month at 5915 yuan/ton, and at the end of the month at 6272.5 yuan/ton, with a monthly increase of 6.04%.
On September 29, the coal tar (high temperature) commodity index was 216.29, down 2.24 points from yesterday, down 1.03% from the cycle’s highest point of 218.53 (2022-09-28), and up 358.73% from the lowest point of 47.15 on December 6, 2015. (Note: the cycle refers to 2011-09-01 to now).
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Changes of coal tar in Shanxi Province according to the bidding price this month (unit: yuan/ton)
Region, price on August 26, price on September 29, monthly rise and fall
Linfen., 5780., 6320.,+540
Lv Liang., 5700., 6270.,+570
Taiyuan., 5650., 6250.,+600
In September 2022, the bidding price of tar in Shanxi will rise as a whole. The bidding price in Shanxi will rise significantly, and the demand of downstream deep processing industry will improve. In particular, the price of industrial naphthalene and coal tar pitch will rise significantly, and the increase in raw material price will be highly accepted.
The K-bar chart of commodity prices reflects the weekly or monthly price changes in the form of a bar chart based on the concept of price trend K-line. Investors can buy, sell and invest according to the changes in the K-bar chart. Red means rising; Green means: down; The height of the K column indicates the range of rise and fall. It can be seen from the monthly coal tar K column chart above that since January 2022, the coal tar market has risen for six consecutive months, only slightly declined in May, and the price remained stable in February. The weekly K column chart shows that the coal tar market has risen for 12 consecutive weeks, and the price has hit record highs for many times.
In September, the price of coal chemical deep processing market continued to rise, but the price of maleic anhydride remained temporarily stable, and most products increased significantly. Downstream commodities performed well, with high acceptance of raw tar price rise. Driven by downstream demand, tar prices continued to rise. In terms of operating rate, the operating rate of deep processing industry in September was maintained at about 50%, no significant change compared with the same period last month.
In September, the price of coal tar hit record highs for many times. Affected by profits, coking enterprises in terms of supply continuously pushed up the price of by-products this month. With the expected increase of production restriction of coking enterprises in October, by-products will face a shortage of supply at that time. The price of the downstream deep processing industry continued to rise this month, and the profit of the enterprise was fair, so the ability to accept the high price of raw tar was strong. However, with the continuous rise of tar, the downstream was more afraid of high prices. At the end of September, the downstream had a mentality of holding down the price, and tar prices in some regions slightly corrected. As of September 29, the mainstream price of coal tar in Shandong was 6060-6130 yuan/ton, Shanxi was 6180-6320 yuan/ton, and Hebei was 6000-6050 yuan/ton. The price in major domestic production areas has exceeded the 6000 yuan mark.
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In the future market, affected by comprehensive factors in October, the operating rate of coking enterprises will decline, and the heating season will follow. At that time, the operating rate of coking enterprises will be low as a whole. Boosted by the rise in the price of raw coking coal, the coking enterprises have a strong attitude of price support in the near future, and the tar supply may become tense. Although the downstream deep processing industry also has the expectation of limited production, it still supports the demand for raw materials. From a comprehensive perspective, the business community expects that the tar market will still be supported in the short term and will remain at a high level. It is necessary to focus on the profit of downstream deep processing industry and the commencement of coking enterprises.
Related information:
According to the data of the National Bureau of Statistics, in August 2022, China’s coke output will be 39.11 million tons, a year-on-year decrease of 2.5%, 1.5 percentage points higher than that in July, and an increase of 310000 tons or 0.80% month on month. The average daily output in August will be 1.2616 million tons, an increase of 10000 tons or 0.8% compared with 1.2516 million tons in July, but still lower than the average daily output in the first seven months of this year.
From January to August 2022, the national coke output was 318.22 million tons, down 1.1% year on year, 1.3 percentage points less than that from January to July. The cumulative output from January to August was 477.33 million tons annually, higher than the level of 464.46 million tons in the whole year of 2021.
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