Coal tar pitch prices in China slip
2024-04-24 08:27:19 [Print]
BEIJING (Asian Metal) 24 Apr 24 - Prebaked anode producers in China received lower prices of coal tar pitch since late last week. Present mainstream prices for coal tar pitch C.V. 53%min in China stand at RMB5,500-5,700/t (USD759-787/t) EXW, down by RMB250/t (USD35/t) from one week ago and market participants anticipate lower prices in the coming week.
A Shandong-based prebaked anode producer reports that the current best price he received for coal tar pitch C.V. 53%min keeps at RMB5,700/t (USD787/t) delivered, while he previously ordered around 500t at around RMB5,800/t (USD801/t) delivered including the freight of around RMB200/t (USD28/t) late last week. "We would place a new order late this week and I think the price would reach around RMB5,600/t (USD773/t) delivered," says the source, adding that the supply would increase.
With the annual consumption capacity of 18,000t, they would use around 1,300t this month, the same as last month with present stocks around 200t which might reach 300t late this week. They consumed around 4,000t during the first three months of this year and around 13,000t in total last year.
A prebaked anode producer in Hebei confirms that they ordered around 1,500t of coal tar pitch C.V. 53%min at around RMB5,700/t (USD787/t) delivered late last week with the freight at around RMB100/t (USD14/t), while the new best price he received now reaches around RMB5,600/t (USD773/t) delivered. "I think the price would reach around RMB5,550/t (USD766/t) delivered late this week, as the supply would increases after most coal tar pitch producers finish equipment maintenance," says the source, who keeps around 500t in stock now and the volume might reach 1,000t in the coming week.
The prebaked anode producer, with the coal tar pitch consumption capacity of 72,000tpy, used around 6,000t last month and the volume might remain stable this month. They used around 18,000t in the first quarter of this year and around 70,000t in total last year.
A Shandong-based prebaked anode producer reports that the current best price he received for coal tar pitch C.V. 53%min keeps at RMB5,700/t (USD787/t) delivered, while he previously ordered around 500t at around RMB5,800/t (USD801/t) delivered including the freight of around RMB200/t (USD28/t) late last week. "We would place a new order late this week and I think the price would reach around RMB5,600/t (USD773/t) delivered," says the source, adding that the supply would increase.
With the annual consumption capacity of 18,000t, they would use around 1,300t this month, the same as last month with present stocks around 200t which might reach 300t late this week. They consumed around 4,000t during the first three months of this year and around 13,000t in total last year.
A prebaked anode producer in Hebei confirms that they ordered around 1,500t of coal tar pitch C.V. 53%min at around RMB5,700/t (USD787/t) delivered late last week with the freight at around RMB100/t (USD14/t), while the new best price he received now reaches around RMB5,600/t (USD773/t) delivered. "I think the price would reach around RMB5,550/t (USD766/t) delivered late this week, as the supply would increases after most coal tar pitch producers finish equipment maintenance," says the source, who keeps around 500t in stock now and the volume might reach 1,000t in the coming week.
The prebaked anode producer, with the coal tar pitch consumption capacity of 72,000tpy, used around 6,000t last month and the volume might remain stable this month. They used around 18,000t in the first quarter of this year and around 70,000t in total last year.
