ICCSINO: The coal tar market performed poorly this month, with prices continuing to decline. By the end of the month, the price of modified coal tar had dropped 7.8% to a range of 4,950-5,100 yuan/ton, while the price of medium-temperature coal tar had decreased 8.04% to 5,100-5,200 yuan/ton. The continuous decline in raw material prices for coal tar dragged down the prices of coal tar. Coal tar enterprises continued to operate at a loss, resulting in a gradual decrease in their operating rates. Meanwhile, the overall demand for coal tar was poor, and the downstream demand from the main prebaked anode manufacturers was cautious. The sentiment of "buying on rises and selling on declines" had a significant impact on the market. The operating rates of graphite electrode and coal-based needle coke enterprises were low, and demand remained sluggish. The market exhibited a weak supply and demand situation, with prices continuing to decline. The price of raw material coal tar oil was still on a downward trend, and it is expected that the coal tar market may continue to decline next month.
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