Coal tar pitch remains firm

On the first day after the holiday, the domestic coal tar market showed a high and firm trend

"The coal tar market can stand at a high level mainly due to the decline in the operating rate of the plant, the strong support of the upstream coal tar at a high level, and the expected growth in downstream demand

Device operating rate drops again

On January 24, the Ministry of Ecology and Environment held its first regular press conference in 2022

According to the statistics of Henan Chemical Industry Network, as of the end of January, the average operating rate of domestic coal tar deep processing enterprises was about 44%, down 5.

"Affected by the spread of the epidemic and the Winter Olympics, coal tar deep-processing enterprises have more shutdowns during the Spring Festival, and the industry operating rate is expected to drop to 38%

Strong raw material support

According to Sun Benfeng, a trader from Liaoning, in January, under the atmosphere of active stocking before the festival, the mainstream transaction price of high-temperature coal tar once rose to more than 4,800 yuan, and the price in Tangshan, Hebei even reached 5,000 yuan, breaking the historical high

　　"Another main supporting factor for the high level of the coal tar market is the coordination of quantity

　　Data released by the National Bureau of Statistics also supports this view

　　Expected growth in demand

　　From the downstream of coal tar pitch, the production capacity of electrolytic aluminum industry will increase, and the demand for coal tar pitch is expected to grow

　　The heads of several electrolytic aluminum companies in Henan said that the downstream electrolytic aluminum industry of coal tar pitch has implemented a reduction and substitution, and the industry compliance capacity is 45.

　　"Under the general trend of carbon neutrality and 'double control' of energy consumption, the supply of coal tar and its raw materials continues to tighten; and the development of downstream electric furnace steel and new energy vehicle industries is inseparable from the bearing of carbon products.

　　However, some market participants in the industry pointed out that although the multiple short-term benefits can support the coal tar pitch market to continue to remain high, the current price has faced resistance from downstream.