Coal tar pitch prices in China in an upward trend
2024-03-13 08:28:03 [Print]
BEIJING (Asian Metal) 13 Mar 24 - Prebaked anode producers in China received higher offers of coal tar pitch over the past week due to the improved demand and reduced supply. Present mainstream prices for coal tar pitch C.V. 53%min in China stand at RMB5,560-5,760/t (USD775-803/t) EXW, up by RMB160/t (USD22/t) from late last week and end users anticipate higher prices in the coming week.
A Shandong-based prebaked anode producer reported that the best price they received for coal tar pitch C.V. 53%min now touches RMB6,000/t (USD836/t) EXW and they plan to buy around 500t in the coming week, while they once ordered around 500t at RMB5,700/t (USD794/t) EXW one week ago. "We get ready to accept the new price of RMB6,000/t (USD836/t) EXW in the coming week, as our consumption volume will increase," said the source, adding that their regular suppliers cut the sales volume in Chinese domestic market after increasing the export volume.
The prebaked anode producer, with the coal tar pitch consumption capacity of 33,000tpy, would use around 2,400t in March, up from around 2,000t last month, with present stocks around 350t. They used around 5,000t so far this year and around 15,000t in 2023.
Another prebaked anode producer in Shandong confirmed that they plan to buy around 1,000t of coal tar pitch C.V. 53%min next week and the current best price in the market keeps at RMB6,000/t (USD836/t) EXW. "We have to accept the price next week in order to maintain normal production," said the source, who previously ordered around 1,000t at RMB5,300/t (USD739/t) EXW late last month and holds around 500t in stock now.
Based on the annual consumption capacity of 24,000t, they used around 1,700t last month and might use 2,000t this month. They consumed around 18,000t in 2023 and over 4,000t so far this year.
A Shandong-based prebaked anode producer reported that the best price they received for coal tar pitch C.V. 53%min now touches RMB6,000/t (USD836/t) EXW and they plan to buy around 500t in the coming week, while they once ordered around 500t at RMB5,700/t (USD794/t) EXW one week ago. "We get ready to accept the new price of RMB6,000/t (USD836/t) EXW in the coming week, as our consumption volume will increase," said the source, adding that their regular suppliers cut the sales volume in Chinese domestic market after increasing the export volume.
The prebaked anode producer, with the coal tar pitch consumption capacity of 33,000tpy, would use around 2,400t in March, up from around 2,000t last month, with present stocks around 350t. They used around 5,000t so far this year and around 15,000t in 2023.
Another prebaked anode producer in Shandong confirmed that they plan to buy around 1,000t of coal tar pitch C.V. 53%min next week and the current best price in the market keeps at RMB6,000/t (USD836/t) EXW. "We have to accept the price next week in order to maintain normal production," said the source, who previously ordered around 1,000t at RMB5,300/t (USD739/t) EXW late last month and holds around 500t in stock now.
Based on the annual consumption capacity of 24,000t, they used around 1,700t last month and might use 2,000t this month. They consumed around 18,000t in 2023 and over 4,000t so far this year.
