According to the monitoring of the commodity market analysis system of the business community, the auction price of the high-temperature Coal tar market rose slightly this week. From June 26 to July 3, the domestic Coal tar price rose from 3842.5 yuan/ton to 4250 yuan/ton, and the price rose 10.61% in the cycle.
As of June 30th, the auction prices of major domestic manufacturers have all risen, with an increase of approximately 300 to 450 yuan/ton. The degree of adjustment varies slightly among different regions, and the overall price difference has narrowed. The Shanxi region will implement a price increase of 4230-4290 yuan/ton, with an increase of 400-420 yuan/ton. The Shandong region implemented a 4260 yuan/ton increase of 330 yuan/ton. This week, the Hebei region implemented a 4200 yuan/ton increase of 450 yuan/ton, while the Jiangsu region implemented a 4260 yuan/ton increase of 330 yuan/ton.
The K-bar chart of commodity prices uses the concept of a price trend K-line to reflect weekly or monthly price fluctuations in the form of a bar chart. Investors can buy and sell investments based on the changes in the K-bar chart. Red indicates an increase; Green indicates a decline; The height of the K-bar represents the range of fluctuations. From the above monthly Coal tar K column chart, we can see that the Coal tar market has risen for three consecutive months after falling for two consecutive months. The weekly K column chart shows that the Coal tar market has been up more than down less recently.
During this cycle, the price of tar in the main domestic production areas has been the main trend, with an increase of approximately 300-450 yuan/ton. There are slight differences in the adjustment rates among different regions, and the overall price difference has narrowed. The last auction at the end of the month was boosted by the rise of downstream products and the upward psychology of coke companies, leading to another increase in tar prices at the end of the month. There has been little change in supply and demand. From the operating rate curve of domestic independent coking enterprises since 2022, we can see that after entering June 2023, the operating rate of coking enterprises has first increased and then decreased, but basically fluctuated slightly around 75%. The coking enterprises have a strong attitude towards price support, and the supply of tar is still slightly tight. In terms of demand, the recent changes in the operating rate of the deep processing industry have been limited, and downstream procurement remains on demand. Since the market entered into April, the Coal tar market has experienced sharp rises and falls frequently, mainly as a result of the supply and demand game. Although the continuous rise at the end of June recovered from the sharp drop in mid June, the upward trend is still difficult to maintain without a significant improvement in downstream demand. In the future, the business agency predicts that the tar market will continue to fluctuate widely due to weak downstream demand. In the future, the focus will be on the trend of downstream coal tar asphalt and carbon black.
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