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Monthly Review: The Month of January for Coal Tar: A Wild Ride

Large  Small Date:2024-02-04  Author:ICCSINO
This month, the price of coal tar first dropped and then rebounded, with a significant increase in the rebound. At the end of the month, the market price of refined coal tar was between 5,000-5,200 yuan per ton, and the mainstream price of medium-temperature coal tar was 4,800-5,000 yuan per ton. At the beginning of the month, the market price of raw coal tar fell, and downstream coal tar enterprises cautiously purchased. This led to a decline in coal tar prices. Later, the price of coal tar increased due to an increase in the price of coal tar. At the same time, downstream enterprises were actively purchasing due to the impact of pre-holiday replenishment. After the Spring Festival, coal tar enterprises saw a decline in production, reducing post-holiday supply in the coal tar market. Downstream main demand for prebaked anodes replenished as needed, while graphite electrodes and coal needle coke enterprises maintained their production load. In the future, coal tar prices may stabilize and increase slightly.
 
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