From June 1 to June 28, 2022, the domestic coal tar production price fluctuated upward. The price at the beginning of the month was 5087.50 yuan / ton, and the price at the end of the month was 5322.50 yuan / ton, a monthly increase of 4.62%.

On June 27, the coal tar (high temperature) commodity index was 183.53, unchanged from yesterday, down 3.23% from the highest point of 189.66 in the cycle (2022-05-18), and up 289.25% from the lowest point of 47.15 on December 6, 2015. (Note: the period refers to the period from September 1, 2011 to now).

Changes in the bidding price of coal, coke and oil in Shanxi in June 2022 (unit: yuan / ton)

Region, Price on June 9, Price on June 16, Price on June 23, Monthly rise and fall

Linfen, 4950.,5050., 5290.,+340

Luliang, 4980.,5090., 5290.,+310

Taiyuan, 4950.,5050., 5330.,+380

In June, 2022, the bidding price of tar in Shanxi rose as a whole. At the beginning of the month, the obvious rise of industrial naphthalene in Shanxi boosted the market mentality. The downstream goods were actively received, and the bidding price increased significantly. At the end of the month, although the downstream deep processing industry suffered widespread losses recently and had a strong mentality of resisting high price tar, the bidding price increased again due to the tight supply of tar in Shanxi.

In June, the coal tar market fell first and then rose, with an overall upward trend. At the beginning of the month, the market performance of different regions was different. The downward enterprises before the festival decreased slightly this week, and the upward regions before the festival made a sharp correction at the beginning of the month. The main reason was the market demand. At the beginning of the month, the price of coal tar pitch was significantly reduced by 200-300 yuan / ton. The overall profit of the deep processing industry was low, and the resistance to high price tar was strong, which dragged down the correction of tar price. In the middle and late ten days of the month, the price of naphthalene, the main commodity in the downstream of tar, rose sharply, and the increase in the main domestic production areas was 300-400 yuan / ton, driving the overall rise in the price of tar. With the sharp increase in the price of tar, some of the downstream had strong resistance, especially the resistance of loss making commodities. At the end of the month, although the downstream deep processing industry has suffered losses in recent years and has a strong resistance to high price tar, coking enterprises have taken the initiative to limit production due to the impact of profits, which is generally concentrated at 30-40%, affecting the recent tar output. Boosted by the tight supply of tar, the bidding price in the tar market continued to rise. By the time of press release, the implementation rate in Shandong is 5180 yuan / ton, and that in Hebei is 5200 yuan / ton.

In terms of commencement: in the first half of this month, the overall commencement of coking enterprises was relatively high. With the two rounds of increase in coke prices, the enterprises started actively and the tar supply was stable. In the middle and late ten days of the month, the coke was dragged down by the downstream demand, and the first round of increase and decrease of 300 yuan / ton was started. The increase before was reversed. The profit of coking enterprises was damaged, and the operating rate declined significantly as a whole. Many enterprises took the initiative to limit production, and the tar output decreased accordingly.

In the future, affected by the poor confidence of coke enterprises in the near future, the market expects that the future production will still be limited, and the tar output will still be low at that time. With the boost of tight supply, the tar market is stable, medium and strong.