Double positive support for tar prices to continue to rise (September 16 to September 23)

From September 16, 2022 to September 23, 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 6100 yuan/ton last weekend and 6337.5 yuan/ton this weekend, up 3.89%.

 

povidone Iodine

On September 22, the coal tar (high temperature) commodity index was 218.53, up 8.19 points from yesterday, hitting a new record high in the cycle, and up 363.48% from the lowest point of 47.15 on December 6, 2015. (Note: the cycle refers to 2011-09-01 to now).

 

Summary of coal tar price in Shanxi (unit: yuan/ton)

 

Region, market price, compared with the bid price last week

Linfen., 6280.,+130

Taiyuan., 6300.,+300

Lvliang., 6380.,+310

The bidding price in Shanxi continued to rise this week, hitting a record high again. The price in the downstream deep processing industry continued to rise, and the acceptance of the rising raw material price was high. The bidding price of coal tar rose again this week on the support of demand.

 

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 consecutive months, only slightly declined in May, and the price remained stable in February. The weekly K column chart shows that the coal tar market has risen for 12 consecutive weeks, and the price has once again hit a record high.

 

Summary of Price Changes of Major Commodities in Coal Tar Deep Processing Industry in Shandong (Unit: yuan/ton)

 

Product name: September 16, September 23, up and down

 

Maleic anhydride., 8600., 8100., – 500

 

Industrial naphthalene., 6400., 6600.,+200

 

Anthracene oil., 6100., 6200.,+100

 

Wash oil, 6500., 6600.,+100

 

Coal tar pitch., 7200., 7400.,+200

 

Azodicarbonamide (AC foaming Agent)

In terms of the industrial chain, most of the major domestic coal chemical products rose in the current period, except for ammonium sulfate and maleic anhydride. The commodity coal tar pitch with the highest growth rate rose about 200-300 yuan/ton in the mainstream of the domestic market this week, which is different from the previous growth factors. This week’s rise was driven by the cost. Affected by the tight supply of coal tar, the tar bidding price rose sharply this week, driving the downstream commodity prices to continue to rise. And industrial naphthalene is also affected by cost factors. This week, the domestic mainstream price was 6400-6680 yuan/ton, up 200-250 yuan/ton.

 

The coal tar market price rose again this week. Up to now, it has risen for 12 consecutive weeks, and the price has hit a record high again. The bidding price of the main production area in Shanxi this week is 6280-6380 yuan/ton; Shandong rose slightly to 5950-6050 yuan/ton this week; Hebei region rose 100 yuan/ton to 5950-6050 yuan/ton; Henan rose 100 yuan/ton to 6050 yuan/ton. With the approaching of the long holiday, the intention of downstream goods preparation is high, and the deep processing industry is generally active in procurement. At the same time, due to the policy of extending coking time by 40 to 45 hours in many places in Shanxi, tar supply is tight this week. Under the double positive influence of tight supply and better demand, prices in Shanxi rose sharply this week. As the market is about to enter October, it is expected that the supply will continue to shrink in the future market, and the market has a high bullish intention. At present, the tar price has hit a new historical high again, and the downstream enterprises have a certain fear of heights. However, affected by the actual demand, it is expected that the tar market will continue to operate in a stable, medium and strong trend.

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