Coal tar: Demand supports highs and rises again

Since July, the domestic coal tar (mainly referring to high-temperature coal tar) market has regained its upward trend after experiencing a short-term rise and fal.

Downstream traditional peak season is approaching

According to the statistics of Henan Chemical Industry Network, the average operating rate of domestic coal tar deep processing enterprises was around 49% in July, down 6% from the previous mont.

Huo Sheng said that the recovery of the downstream market of coal tar stems from the upcoming "Golden Nine Silver Ten" traditional peak demand seaso.

New supply is limited

Statistics show that the operating rate of domestic coke enterprises fell to 64% in July, down more than 14% month-on-mont.

Meng Jianjie, the marketing manager of Zhengzhou Dayou Gas C.

Continue to eliminate backward production capacity

On August 1, the Ministry of Industry and Information Technology, the National Development and Reform Commission, and the Ministry of Ecology and Environment jointly issued a notice on the implementation plan for carbon peaking in the industrial sector, which mentioned encouraging the cluster development of primary and recycling, smelting and processing industries in steel, non-ferrous metals and other industries; strictly implemented Steel, cement, flat glass, electrolytic aluminum and other industries have replaced production capacity policies, and strengthened the analysis, early warning and window guidance of overcapacity in key industries, aiming to speed up the resolution of excess capacit.

Shao Huiwen, a senior market commentator, said that the state once again notified the country to speed up the elimination of backward production capacity in industries such as iron and steel, non-ferrous metals, and electrolytic aluminum, reflecting that the country still does not relax the implementation of the elimination of backward production capacity under the keynote of seeking progress while maintaining economic stabilit.

Industry insiders said that under the current state of coke enterprises, the market transaction volume has not been significantly enlarged, and the supply side is slightly stronge.