Thread Content
Trends of coal chemical products in the second half of 2020: Intense competition in the field of deep processing of coal tar / Author/Source: Collaboration Group on Deep Processing and Hydrogenation of Coal Tar / Date: 2020-09-19 / Clicks: 25. In the second half of the year, the domestic economy continued to recover steadily, with industrial production accelerating its recovery, and the cumulative growth rate shifted from negative to positive； Production in the service sector is growing steadily, with consumer-oriented services showing continued recovery ； Market sales have shifted from decline to growth, while online sales continue to increase ； The decline in fixed asset investment has narrowed significantly, and the investment structure continues to improve ； Import and export of goods continued to grow, with trade structure undergoing adjustment and improvement ； The increase in consumer prices slowed down, while the decline in ex-factory prices for industrial producers continued to narrow ； Financial operations remain stable, and market confidence is increasing. Amid the traditional peak demand period of \"Golden September and Silver October\" and the intense atmosphere of market stockpiling ahead of National Day, the domestic coal, coking coal, and steel markets are expected to show a stable upward trend from September to October. In the second half of the year, as the 13th Five-Year Plan neared its end, coking plants entered a critical phase of capacity reduction. It is expected that some of the outdated production capacities in the coking industry will be phased out, while new capacity will take time to enter the market. The demand for coking products such as coke, coal tar, crude benzene, and sulfuric acid showed a slight downward trend. In July, imports of coke and coal tar increased significantly, indicating that domestic resources were becoming scarce. Under the influence of capacity reduction measures, production limits based on coal availability, and the heating season, the shortage of coking products is likely to worsen in the second half of the year. The supply of raw coal tar is expected to be tight, but new production capacity from enterprises engaged in the deep processing of coal tar will be put into use in the second half of the year. It is understood that the deep-processing enterprises planned to start operations by the end of this year include Tangshan Dongri Phase 1 with a capacity of 200,000 tons, Tangshan Xiangfeng Technology with a capacity of 300,000 tons, Shanxi Fuma with a capacity of 300,000 tons, and Guangxi Henggang with a capacity of 300,000 tons. The coal tar deep-processing industry is about to enter a period of intense competition; there will be an oversupply of deep-processed products, and the performance of various products will vary depending on downstream demand. Products such as anthracene oil, washed oil, and phenol oil need to take into account the trends in crude oil and fuel products. Overall, sales pressures are high, and it is likely that the deep-processing industry will experience losses.