Coal Tar Price Trend and Forecast

Coal Tar Regional Price Overview

Get the latest insights on price movement and trend analysis of Coal Tar in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

 

Coal Tar Price Trend for the Second Half of 2024

The coal tar market in H2’24 experienced significant volatility driven by shifting industrial dynamics and energy transitions. Chemical and industrial sectors remained key consumers, though demand showed signs of moderation. The market was heavily influenced by steel production trends in major economies like China and India, which saw slight declines in production during this period.
 

Coal Tar Price Chart

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Regional petrochemical and manufacturing sectors continued to utilize coal tar in various applications, including road construction, chemical synthesis, and specialized industrial processes. The market faced pressure from environmental regulations and increasing shifts towards more sustainable alternatives. Steel industry fluctuations directly impacted coal tar production, as it is a byproduct of metallurgical processes.

Asian markets, particularly China and India, remained crucial in determining global coal tar dynamics. The market saw intermittent price fluctuations, with manufacturers adapting to changing industrial demands and environmental constraints. Downstream industries like carbon black production and chemical manufacturing continued to be primary consumers.

Analyst Insight

According to Procurement Resource, the Coal Tar market will undergo continued market transformation, with increasing pressure from green technologies and alternative materials potentially reshaping coal tar's industrial positioning.
 

Coal Tar Price Trend for the First Half of 2024

Coal tar is a thick, dark liquid that is a byproduct of the carbonization of coal, a process used to produce coke and coal gas from coal. It is composed of a complex mixture of hydrocarbons, phenols, and other organic compounds. Coal tar is produced when coal is heated in the absence of air via pyrolysis. Coal tar prices fell during the first half of 2024 primarily due to the decline in global coal demand and the resultant drop in thermal coal prices. As major coal-consuming countries like China and India significantly increased their domestic coal production, the reliance on imports diminished, leading to an oversupply in the global market.

This oversupply, coupled with weakening demand, particularly in Europe, where the shift towards alternative energy sources and increased gas storage reduced coal usage, exerted downward pressure on coal prices. Since coal tar is a byproduct of the coal industry, its prices are closely tied to coal market dynamics. The decline in coal prices, driven by these global supply-demand imbalances and reduced industrial activity, naturally led to a corresponding decrease in coal tar prices during this period.

Analyst Insight

According to Procurement Resource, no relief is in sight for the Coal Tar prices going forward since the markets will remain impacted by the oversupply and excess inventory stock in the coming months.
 

Coal Tar Price Trend for the Second Half of 2023

Since coal tar is a resultant material of the pyrolysis of coal, coal tar prices closely follow the price trajectory of its feedstock material, coal. The market began on a humble note at the beginning of the third quarter, as the inventories were still able to support the downstream demands subtly. However, as the fuel prices started rising and along rose the coal prices, the coal tar prices also started to incline.

Along with the raw material costs the production prices also surged because of the increase in process charges. The downstream demands were also largely supportive of these market prices. Overall, a rising price trend was witnessed in H2’23.

Analyst Insight

According to Procurement Resource, the Coal Tar price trend is expected to continue in a similar manner for some time. However, it is likely to strive for stability in the long run.
 

Coal Tar Price Trend for the First Half of 2023

Coal Tar is obtained by pyrolysis of coal, so the price trend of Coal Tar are closely dependent on the feedstock coal prices. Coal Tar is a product used in downstream processes in various industries, like in road construction for binding, in dyes, paints, pharma, pesticide, and cosmetic sectors.

In the first half of the year 2023, the market felt a little constricted, and consumer sentiments were also observed to be muted. Coal mining practices have always faced ethical questions, but the availability was still in surplus. It was the feeble demands from downstream sectors that affected the Coal Tar market as the industries were trying to switch to greener and sustainable ways. Overall, the Coal Tar market was observed to be bearish.

Analyst Insight

According to Procurement Resource, Coal Tar prices are likely to dip further given the feeble demands and overflowing inventories.

Procurement Resource provides latest prices of Coal Tar. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.