Coal tar pitch prices in China move down
2024-03-26 08:24:54 [Print]
BEIJING (Asian Metal) 26 Mar 24 - Over the past week, prebaked anode producers in China received lower coal tar pitch prices and anticipate reduced prices in the coming week due to the weakened demand. Present mainstream prices for coal tar pitch C.V. 53%min in China stand at RMB5,200-5,400/t (USD721-749/t) EXW, down by RMB200/t (USD28/t) from late last week.
A Shandong-based prebaked anode producer reported that the most competitive price he received for coal tar pitch C.V. 53%min now keeps at RMB5,300/t (USD735/t) EXW, while he ordered around 700t at around RMB5,600/t (USD776/t) EXW one week ago. "We plan to buy the same volume at the new price within this week," said the source, adding that their consumption volume would slip by around 1/3 from early next month.
With the annual consumption capacity of 50,000t, they would use around 3,600t in March and the volume might slip to around 3,000t next month, with present stocks around 900t. They consumed over 40,000t last year and around 10,000t so far this year.
Another prebaked anode producer in Shandong confirmed that they previously ordered around 200t of coal tar pitch C.V. 53%min at RMB5,300/t (USD735/t) EXW late last week and now look forward to around RMB5,000/t (USD693/t) EXW in the coming week. "The best price we received early this week already slipped by around RMB100/t (USD14/t), as the demand weakens," said the source, whose consumption volume in March would slip by more than 100t to around 1,000t.
The prebaked anode producer, with the coal tar pitch consumption capacity of 20,000tpy, would use around 1,000t in March and holds over 200t in stock now. They consumed more than 2,000t in the first two months of this year and around 13,000t in total last year.
A Shandong-based prebaked anode producer reported that the most competitive price he received for coal tar pitch C.V. 53%min now keeps at RMB5,300/t (USD735/t) EXW, while he ordered around 700t at around RMB5,600/t (USD776/t) EXW one week ago. "We plan to buy the same volume at the new price within this week," said the source, adding that their consumption volume would slip by around 1/3 from early next month.
With the annual consumption capacity of 50,000t, they would use around 3,600t in March and the volume might slip to around 3,000t next month, with present stocks around 900t. They consumed over 40,000t last year and around 10,000t so far this year.
Another prebaked anode producer in Shandong confirmed that they previously ordered around 200t of coal tar pitch C.V. 53%min at RMB5,300/t (USD735/t) EXW late last week and now look forward to around RMB5,000/t (USD693/t) EXW in the coming week. "The best price we received early this week already slipped by around RMB100/t (USD14/t), as the demand weakens," said the source, whose consumption volume in March would slip by more than 100t to around 1,000t.
The prebaked anode producer, with the coal tar pitch consumption capacity of 20,000tpy, would use around 1,000t in March and holds over 200t in stock now. They consumed more than 2,000t in the first two months of this year and around 13,000t in total last year.
