Monthly Review: Weak Supply and Demand in Coal Pitch Market Led to a Downturn in July

ICCSINO: This month, coal pitch prices experienced an initial rise followed by a decline. By the end of July, the price of modified pitch ranged from RMB 4,250 to RMB 4,450 per ton, while medium-temperature pitch was priced between RMB 4,400 and RMB 4,500 per ton. Throughout the month, the downstream demand for coal pitch remained subdued, with buyers continuously pressuring prices. The fluctuations in coal pitch prices were primarily influenced by the volatility of raw material prices. High operating rates at coal tar deep-processing enterprises led to an abundant supply of coal pitch, putting downward pressure on prices.

In the downstream market, the main demand sector, the prebaked anode industry, showed low procurement willingness, opting for purchases only when prices were low. Additionally, production levels of coal-based needle coke and graphite electrodes remained low, reflecting weak demand. Amidst bearish sentiment in the market, coal pitch prices continued to decline. August marks the traditional high-temperature off-season for industries, and the coal pitch market is expected to follow the trend set in July. Consequently, it is predicted that coal pitch prices will maintain a volatile downward trend in August.