From October 8, 2022 to October 14, 2022, the production price of coal tar in Shanxi continued to rise. According to the monitoring of the business community, the average market price was 6272.5 yuan/ton last weekend and 6335 yuan/ton this weekend, up 1%.

On October 13, the coal tar (high temperature) commodity index was 218.45, up 2.16 points from yesterday, down 0.04% from the cycle’s highest point of 218.53 (2022-09-28), and up 363.31% from the lowest point of 47.15 on December 6, 2015. (Note: the cycle refers to 2011-09-01 to now).

The bidding price in Shanxi continued to rise slightly this week. The downstream deep processing industry has performed well recently, boosting the price of raw materials.

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 has risen for 12 consecutive weeks, and only after a small price correction in one week, the price continues to rise.

In terms of the industrial chain, the price of products in the downstream deep processing industry continued to rise this week, only maleic anhydride continued to decline, and the price of anthracene oil, wash oil and other products remained at a high consolidation trend this week. The profit of the deep processing industry is fair this week, and the operating rate of enterprises is basically flat compared with that before the festival.

This week is the first trading week after the festival. Most enterprises completed the bidding activities before this Thursday. According to the bidding results, the prices in Shanxi, which had risen significantly before, rose slightly this week, while in East China, which had risen slightly before, and in the central and western regions, there was a large margin of replenishment this week. The mainstream price in Shanxi is 6250-6380 yuan/ton, Shandong is 6230-6250 yuan/ton, and Hebei is 6150-6250 yuan/ton. As the coke enterprises in the main production areas have successively limited production due to raw materials or transportation problems after the festival, the overall supply of coal tar is slightly tightened, and the tight supply has boosted the market mentality. The downstream deep processing industry has a fair profit at present, and there is a general demand for replenishment after the festival. However, it has resisted the rising tar price, especially after the rising trend of the deep processing industry started to stabilize this week, the downstream fear of heights has become stronger. To sum up, with the coming of October, the expectation of coke enterprises to limit production has become stronger, the overall supply of tar is tight, which has boosted the mentality of coking enterprises, and the enterprises have a heavy mentality of price fixing. While the downstream rising trend is not as good as that in the early stage, the deep processing industry has a strong fear of heights, and the business community in the future thinks that the coal tar market may continue to maintain a high consolidation operation.