Monthly Review: Positive Prospects for Coal Tar Pitch, Expecting Rebound in July

ICCSINO: In this month, the price of coal tar pitch fell before rising. By the end of the month, the price of modified coal tar pitch decreased by 16.92% to 4150-4200 yuan/ton, and the price of medium-temperature coal tar pitch fell by 16.02% to 4300-4350 yuan/ton. During this month, the price of raw material coal tar oil continued to decline, dragging down the price of coal tar pitch. Coupled with the poor overall demand for downstream coal tar pitch, the price of raw material coal tar pitch fell continuously until the end of the month. By the end of the month, the price of raw material coal tar oil began to rebound, providing positive support for the cost of coal tar pitch. Downstream mainstream demand for prebaked anode enterprises improved, while the production of graphite electrodes and coal-based needle coke enterprises remained low, with general demand. The overall demand for coal tar pitch has improved somewhat, and it is expected that the price of coal tar pitch will rise next month.