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Coal tar market enters into a period of suspension

News Source:http://www.jinchemical.com/ ; SendDate:2020-5-8 11:19:01 

Since late April, the sharp drop in crude oil has depressed the energy chemical products market, including coal tar, which experienced a rebound of only two weeks and then fell back again. At present, the transaction price in the mainstream market of domestic coal tar is 1600-1900 yuan (ton price, the same below), and the low-end price returns to about 1500 yuan again, almost eating up the previous two weeks' increase.

Senior market insiders in the industry said that the sharp drop in crude oil magnified the industry's bearish sentiment on the energy and chemical products market, and derived a domino effect. In this context, the decline of coal tar deep-processing product market leads to the loss of enterprises, which coincides with the peak of overhaul of deep-processing enterprises from April to May. These two factors lead to the failure of this round of rebound market at the bottom of coal tar. There are still sorting requirements in the future.

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