SunSirs: It is Expected that There is Currently Room for a Decline in Coal Tar Prices
August 23 2023 09:26:09On August 19th, the benchmark price of coal tar in Shangshang Society was 4760.00 RMB/ton, an increase of 12.26% compared to the beginning of this month (4240.00 RMB/ton).
The coal tar market has been on the rise since August, with a cumulative increase of around 700 RMB/ton. At present, both supply and demand side bearish factors have emerged in the coal tar market, and downstream deep processing enterprises have a strong pressure on prices, resulting in overall weak terminal demand.
Overall, under the dual supply and demand situation, Business Society predicts that there may be room for a decline in the auction price of coal tar. The subsequent trend still needs to pay attention to the actual demand for downstream products, especially the trend of coal tar, carbon black, and other commodities.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
- 2023-05-10 SunSirs: It is Expected that the Coal Tar Market will Continue to Operate Weakly
- 2023-04-14 SunSirs: The Factory Price of Coal Tar Producers is Reduced
- 2023-04-07 SunSirs: On April 6, the Coal Tar Market Price in Shanxi was Slightly Raised
- 2023-03-01 SunSirs: Market Price of Coal Tar in Tianjin on March 1
- 2023-02-17 SunSirs: On February 17, the Market Price of Coal Tar in Shanxi Rose
