Coal tar pitch prices in China down
2023-04-19 08:23:49 [Print]
BEIJING (Asian Metal) 19 Apr 23 - Over the past week, buyers of coal tar pitch in China reduced the purchase volume. Present mainstream prices for coal tar pitch C.V. 53%min in China stand at RMB5,300-5,500/t (USD771-800/t) EXW, down by RMB150/t (USD22/t) from early this week for the weakened demand. End users anticipate lower prices in the coming week.
A prebaked anode producer in Henan reported that they lately ordered around 1,500t of coal tar pitch at around RMB5,500/t (USD800/t) EXW late last week, while the mainstream offer he received early this week touched around RMB5,300/t (USD771/t) EXW. "We plan to place a new order late this month at a price no more than RMB5,300/t (USD771/t) EXW," said the source, who anticipates lower prices in the coming week as the purchase demand weakened.
Based on the consumption capacity of 72,000tpy, the consumer would use around 4,500t in April, stable from last month, with present inventories at around 1,000t less than the normal volume of 1,500t. They used over 50,000t in 2022 and over 10,000t in Q1 this year.
A Shandong-based prebaked anode producer confirmed that they lately ordered around 200t of coal tar pitch C.V. 53%min late last week at around RMB5,300/t (USD771/t) EXW, while the present best offer already touched RMB5,200/t (USD756/t) EXW. "I think the price would drop below RMB5,000/t (USD727/t) EXW next week," said the source, noting that prebaked anode producers cut production, leading to reduced demand.
The consumer, with the consumption capacity of 34,000tpy, would use around 1,500t in April, down by around 20% MoM, with current stocks of around 150t. They consumed around 5,000t in Q1 this year and around 20,000t in 2022.
A prebaked anode producer in Henan reported that they lately ordered around 1,500t of coal tar pitch at around RMB5,500/t (USD800/t) EXW late last week, while the mainstream offer he received early this week touched around RMB5,300/t (USD771/t) EXW. "We plan to place a new order late this month at a price no more than RMB5,300/t (USD771/t) EXW," said the source, who anticipates lower prices in the coming week as the purchase demand weakened.
Based on the consumption capacity of 72,000tpy, the consumer would use around 4,500t in April, stable from last month, with present inventories at around 1,000t less than the normal volume of 1,500t. They used over 50,000t in 2022 and over 10,000t in Q1 this year.
A Shandong-based prebaked anode producer confirmed that they lately ordered around 200t of coal tar pitch C.V. 53%min late last week at around RMB5,300/t (USD771/t) EXW, while the present best offer already touched RMB5,200/t (USD756/t) EXW. "I think the price would drop below RMB5,000/t (USD727/t) EXW next week," said the source, noting that prebaked anode producers cut production, leading to reduced demand.
The consumer, with the consumption capacity of 34,000tpy, would use around 1,500t in April, down by around 20% MoM, with current stocks of around 150t. They consumed around 5,000t in Q1 this year and around 20,000t in 2022.
