Raw materials continue to rise, coal tar prices remain high and stalemate

In June, the price of coal tar (mainly refers to high-temperature coal tar) hit a record high, and then moved to a high level.
At the beginning of August, the mainstream domestic coal tar transaction price basically fluctuated at 4,000 yuan (ton price, the same below), a drop of nearly 5 from June.
%
.

However, the coal tar market strengthened again in early August due to the recent continuous rise in raw coal prices, declining supply, and limited transportation, and prices in some areas were raised by 50-100 yuan

In June, the price of coal tar (mainly refers to high-temperature coal tar) hit a record high, and then moved to a high level.
At the beginning of August, the mainstream domestic coal tar transaction price basically fluctuated at 4,000 yuan (ton price, the same below), a drop of nearly 5 from June.

Raw materials continue to rise

　Raw materials continue to rise　raw materials continue to rise

Statistics from Henan Chemical Network show that starting from early August, raw coal resources in various parts of the country have been tight, and prices have generally risen
.

For example, coking coal stocks in Linfen, Shanxi are in a hurry and procurement is difficult.

Sun Benfeng said that the overall operating rate of domestic coking companies has dropped from 77% in June to the current 73%.
The main reason for this is the tight supply of raw coal
.

The tight supply of raw materials and rising prices supported the continued high transaction prices of coal tar

Downstream high pressure

　Downstream high pressure　downstream high pressure

According to the person in charge of a large coal tar deep processing enterprise in Inner Mongolia, the comprehensive operating rate of domestic coal tar deep processing enterprises in the first half of August was 57%.
Although it increased by 2% from the previous month, it was still down by 5% from June
.

In the first ten days of August, Shanxi Top Three and Jining Black Cat were suspended for maintenance.

　　"Affected by the tight supply of high-quality coking coal as raw materials, it is difficult to increase the operating load of coking plants in the short-term, and the tight supply of coal tar may continue
.

At the same time, downstream deep-processing enterprises' products have reached the edge of cost, combined with the comprehensive cost calculation of various deep-processing products , Some companies have fallen into losses again, and the operating load will not increase significantly in the short term

　　The economic situation is good

　　The economic situation is still good 　　 The　　economic situation is still good

　　Since the beginning of this year, China's macroeconomic situation has improved, which has also brought certain support to the coal tar market
.

　　On August 10, the person in charge of the Foreign Trade Department of the Ministry of Commerce stated that from January to July, China's foreign trade grew rapidly, stabilized rapidly, and improved steadily
.

The scale of import and export, export and import respectively increased by 24.

　　According to recent data released by the China Association of Automobile Manufacturers, from January to July, China’s automobile production and sales completed 14.
44 million and 14.
756 million vehicles, respectively, representing a year-on-year increase of 17.
2% and 19.
3%, which formed a strong support for the demand for carbon black for tires.
It plays a leading role in the market of coal tar, a basic raw material in the upstream of the industrial chain
.

　　According to Shao Huiwen’s analysis, combined with the current industry restrictions on production, the coal tar market may remain high in the short term, but many bearish factors have emerged one after another, such as a decline in the carbon black market and uncertainty in the international market.
The market may enter a new round of longs and shorts.
The stalemate stage
.

It is recommended that the industry pay attention to the impact of domestic epidemic prevention and control on logistics, fluctuations in the raw coal market, and market changes in Shanxi, Hebei and other major production areas, seize opportunities to avoid risks, and do not recommend high-level stocking, which is suitable for the business strategy of fast in and out