Monthly Review: Coal Tar Pitch Prices Fluctuated in September

ICCSINO: This month, coal tar pitch prices stabilized initially but declined later. Early in the month, raw material prices for coal tar pitch strengthened, pushing up coal tar pitch prices. However, mid-month, downstream demand for coal tar pitch weakened, and raw material prices began to decline overall, providing insufficient support for coal tar pitch prices. By the end of the month, coal tar pitch prices had fallen. As of the end of the month, prices for modified coal tar pitch ranged from 4,200 to 4,400 yuan/ton, and prices for medium-temperature coal tar pitch ranged from 4,300 to 4,350 yuan/ton. Operating rates for coal tar pitch were high, with adequate inventory levels, resulting in a bearish supply situation. Downstream pre-baked anode producers were aggressive in negotiating prices, leading to bearish new order prices. Graphite electrode producers and coal-based needle coke producers operated at low capacities. Based on current market supply and demand, coal tar pitch prices are expected to have some downside potential next month.