Coal tar pitch prices in China go up
2024-04-10 08:15:45 [Print]
BEIJING (Asian Metal) 10 Apr 24 - Chinese demand for coal tar pitch remains firm over the past week and present mainstream prices for coal tar pitch C.V. 53%min in China stand at RMB5,810-6,010/t (USD803-831/t) EXW, up by RMB600/t (USD83/t) from late last month due to the reduced supply and firm demand. Market participants anticipate higher prices in the coming two weeks.
A prebaked anode producer in Henan reports that the best price they received for coal tar pitch C.V. 53%min now keeps at RMB6,200/t (USD857/t) delivered and they ordered around 5,000t at around RMB6,000/t (USD829/t) delivered early this month with the freight around RMB200/t (USD28/t). "We plan to place a new order two weeks later and get ready to accept the new increased price to maintain normal production," says the source, who believes that mainstream prices would go up in the coming two weeks.
With the consumption capacity of 72,000tpy, they used around 5,000t last month and might consume the same volume this month with present stocks around 1,200t. They used around 15,000t in the Q1 this year and around 55,000t in total last year.
Another prebaked anode producer in Henan confirms that the most competitive price for coal tar pitch C.V. 53%min they got early this week stayed at RMB6,000/t (USD829/t) delivered, while they purchased around 2,000t at RMB5,800/t (USD802/t) delivered late last month. "I think the price would go up in the coming two weeks due to the reduced supply and we would place new orders early next month," said the source, adding that one of his major suppliers in Shanxi stopped delivery from early this month for reduced production.
Based on the consumption capacity of 24,000tpy, they might use 2,000t his month, the same as last month with present stocks around 400t, less than around 600t one month ago. They used around 5,000t during the Q1 this year and around 20,000t in total last year.
A prebaked anode producer in Henan reports that the best price they received for coal tar pitch C.V. 53%min now keeps at RMB6,200/t (USD857/t) delivered and they ordered around 5,000t at around RMB6,000/t (USD829/t) delivered early this month with the freight around RMB200/t (USD28/t). "We plan to place a new order two weeks later and get ready to accept the new increased price to maintain normal production," says the source, who believes that mainstream prices would go up in the coming two weeks.
With the consumption capacity of 72,000tpy, they used around 5,000t last month and might consume the same volume this month with present stocks around 1,200t. They used around 15,000t in the Q1 this year and around 55,000t in total last year.
Another prebaked anode producer in Henan confirms that the most competitive price for coal tar pitch C.V. 53%min they got early this week stayed at RMB6,000/t (USD829/t) delivered, while they purchased around 2,000t at RMB5,800/t (USD802/t) delivered late last month. "I think the price would go up in the coming two weeks due to the reduced supply and we would place new orders early next month," said the source, adding that one of his major suppliers in Shanxi stopped delivery from early this month for reduced production.
Based on the consumption capacity of 24,000tpy, they might use 2,000t his month, the same as last month with present stocks around 400t, less than around 600t one month ago. They used around 5,000t during the Q1 this year and around 20,000t in total last year.
