From November 11, 2022 to November 18, 2022, the production price of coal tar in Shanxi Province rose. According to the monitoring of the business community, the average market price was 6452.5 yuan/ton last weekend and 6470 yuan/ton this weekend, up 0.27%.

On November 17, the coal tar (high temperature) commodity index was 222.50, unchanged from yesterday, 3.88% lower than the cycle’s highest point of 231.47 (2022-11-09), and 371.90% higher than 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)

Regional./market price./compared with last week’s bidding price

Linfen./6500/-

Taiyuan./6420./+20

Lvliang./6400/-

Most of the bidding prices in Shanxi Province were temporarily stable this week, and some of them rose slightly. The downstream deep processing industry has a strong resistance to high priced raw materials, which is difficult to support the high price of tar. However, the recent commencement of coke enterprises is slightly low, the tar supply is slightly tight, and the coke enterprises have a strong psychology of supporting the price.

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. Only after a small price correction in one week, the price continued to rise. After the price fell sharply in November, it recovered slightly this week.

In terms of the industrial chain, the downstream deep processing industry rose and fell by half this week. With the decline of the tar price in the early stage, the profit of deep processing this week recovered slightly. The operating rate of the industry was basically flat compared with the early stage, and the overall trend was slightly stable.

This week, the coal tar market was dominated by narrow fluctuations, with the market up and down mixed and limited. As of press release, the mainstream price in Shanxi was 6400-6500 yuan/ton, a slight increase of 20 yuan/ton compared with last week. The mainstream price in Shandong is 6400-6450 yuan/ton, which is flat compared with last week. The mainstream price in Hebei is 6400 yuan/ton, which is flat. The tar price rose significantly in the early stage, and the profit of the downstream deep processing industry contracted. Although the profit recovered to a certain extent after the price fell in some regions last week, the overall profit is still low. The deep processing industry is still resistant to the high price tar, while some varieties of the deep processing industry have declined since last week, and the support for tar demand has declined slightly. In terms of supply, the recent commencement of coke enterprises is still at a low level, the production restriction of coke enterprises is basically the same as that in the early stage, the tar is still in a tight supply situation, and the enterprises have a strong attitude of price fixing. In the downstream, the overall cash flow of the deep processing industry is not good this week, and the resistance to high priced raw materials is growing. However, as the heating season enters, the operating rate of coking enterprises is still expected to decline to some extent, and the tar will soon enter a period of seasonal tight supply. Therefore, the tar price will remain at a high consolidation trend in the future market, with the price mainly fluctuating in a narrow range.