From February 1 to February 25, 2022, the domestic coal tar production price is the main player. The price at the beginning of the month is 4760 yuan / ton, and the price at the end of the month is 4760 yuan / ton, flat.

On February 24, the coal tar (high temperature) commodity index was 164.14, up 0.17 points from yesterday, down 3.58% from the highest point of 170.23 points in the cycle (2021-11-24), and up 248.12% from the lowest point of 47.15 points on December 6, 2015. (Note: the period refers to the period from September 1, 2011 to now).

The coal tar market fell into a “V” trend in February. The market opened after the festival. Some coking enterprises auctioned, and the price rose slightly. Some enterprises still implemented pre Festival contracts. Supply: affected by the Winter Olympics, the production limit is relatively strict, the tar output is low, and the supply is slightly tight. At present, the demand for replenishment in the downstream is not very strong, and the price is slightly increased by about 50 yuan / ton. Then, under the influence of limited downstream replenishment demand and poor overall procurement, the bidding price at the end of the month fell as a whole and basically fell back to the price at the beginning of the month. In the downstream, near the end of the month, the overall profit of the deep processing industry is low, the prices of coal asphalt and industrial naphthalene fall, and the support for tar prices is limited. After the Winter Olympic Games, the first round of price increase of coking enterprises has been fully implemented. At present, the manufacturers have improved the operation to a certain extent, the supply has increased slightly, the downstream price reduction mentality is strong, and the purchase is mainly based on demand.

The next winter Paralympic Games will be opened. At that time, coking enterprises and downstream deep processing enterprises will face a certain degree of production restriction. Affected by the decline in profits of downstream enterprises, the price of tar is expected to be under pressure, but the fluctuation of tar trend is expected to be limited due to tight supply.