In November 2022, the domestic coal tar production price fluctuated broadly in the first half of the month, and narrowed in the second half. The price at the beginning of the month was 6512.5 yuan/ton, and the price at the end of the month was 6507.5 yuan/ton, with a monthly drop of 0.08%.

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 months, only slightly declined in May, and the price remained stable in February. The weekly K-bar chart shows that the coal tar market rose for 12 consecutive weeks. Only after a small price correction in one week, the price continued to rise. The price fell sharply in early November, and then recovered slightly.

On November 28, the coal tar (high temperature) commodity index was 224.40, unchanged from yesterday, 3.05% lower than the cycle’s highest point of 231.47 (2022-11-09), and 375.93% higher than the lowest point of 47.15 on December 6, 2015. (Note: the cycle refers to 2011-09-01 to now).

In November 2022, the bidding price of tar in Shanxi Province rose slightly as a whole. In the first half of the specific market, the price dropped significantly, while in the second half, the price fluctuated narrowly.

Narrow price fluctuation in downstream deep processing industry

Demand: The deep processing industry of coal tar is the main application field of high-temperature coal tar. The main commodities obtained from deep processing include naphthalene, anthracene oil, wash oil, asphalt, etc. At present, the deep processing industry is slightly more resistant to the high price of coal tar, but there is still a demand for procurement. According to the business community, coal tar deep processing enterprises are still profitable, and the operating rate remains at a normal level for a long time. As the tar price returns to a high consolidation trend, the price fluctuation of downstream deep processing related commodities is not obvious, and the supply and demand are in a weak balance.

At the end of the last bidding in November 25, the price of coal tar still kept a narrow fluctuation. The mainstream price in Shandong was 6400-6430 yuan/ton, that in Hebei was 6420-6450 yuan/ton, and that in Shanxi was 6450-6550 yuan/ton. The price difference between regions was small. At present, the tar and deep processing markets maintained a weak balance between supply and demand. In terms of supply, the production restriction of coking enterprises is still strong, the overall supply of tar is slightly tight, and the automobile transportation in some areas is blocked, the transportation is limited, and the sales of coking enterprises are active.

In the future market, the business community believed that the operating rate of tar production enterprises in the fourth quarter was expected to decline seasonally, the supply of coal tar was expected to be tight, and downstream enterprises are currently purchasing on demand, and the actual demand remains. Under the general environment of tight supply and fair demand, it is expected that the coal tar price will continue to operate at a high level in the short term, but due to the resistance of downstream deep processing enterprises to high priced raw materials, the overall room for improvement may be limited.