From December 23, 2022 to December 30, 2022, the production price of coal tar in Shanxi was lowered. According to the monitoring of the business community, the average market price was 6337.5 yuan/ton last weekend and 6155 yuan/ton this weekend, down 2.88%.

On December 30, the coal tar (high temperature) commodity index was 212.24, unchanged from yesterday, 8.31% lower than the cycle’s highest point of 231.47 (2022-11-09), and 350.14% higher than the lowest point of 47.15 on December 6, 2015. (Note: the cycle refers to 2011-09-01 to now).

The downstream deep processing industry has weakened as a whole, and has cracked down on the coal tar market. Recently, the coking enterprises have started to work slightly, and the tar supply has improved slightly. This week, the tar bidding price has declined as a whole.

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, and fell in December.

In terms of the industrial chain, the commodity prices of the downstream deep processing industry rose and fell by half this week, with the overall decline more or less. The prices of anthracene oil, washing oil and coal tar pitch fell, while the industrial naphthalene rose slightly. With the decline in the price of raw tar, the downstream profit situation has been restored and the operating rate has been generally stable.

The coal tar market continued to decline this week, with a downward range of 100-200 yuan/ton, including 6210 yuan/ton for mainstream prices in Shandong, 6100-6200 yuan/ton for Hebei, 6210 yuan/ton for Henan, and 6050-6200 yuan/ton for Shanxi. In terms of supply, coking enterprises continued to increase production this week, with a slightly loose supply of tar and a weak mentality. The recent trend of the downstream deep processing industry has been mixed, with more falls and less rises overall. The downstream has a strong price depressing mentality, lacks downstream support, and the tar price has dropped significantly. On the whole, negative factors in the tar market are dominant at present, the market is expected to be loose in supply, and the tar price is expected to remain stable and weak in the future.