Coal prices in Tianjin fell slightly in July

In July 2023, the coal tar market first fell and then rose. In the first ten days of July, the main downstream products of coal tar, coal tar pitch and anthracene oil, saw a downward trend in the market. Deep-processing companies were less active in trading. Coke companies had a decent operating rate. The relative supply of coal tar was relatively loose, which was negative for the coal tar market. In the middle and late July, coking enterprises continued to lose money, some enterprises lowered their operating rates, the output of coal tar was reduced, and the price of downstream deep-processed products rose, driving manufacturers' demand for coal tar and benefiting the coal tar market. The domestic coking coal and coke markets continued to operate relatively strongly, and the steel market prices rose steadily. The average daily output of coking clean coal of key coal enterprises decreased slightly month-on-month, the overall sales situation continued to improve, coal mine inventories fell for seven consecutive weeks, and the comprehensive selling price of the monitored coking coal varieties rebounded; the coal consumption of steel coke enterprises decreased slightly month-on-month, and inventories increased year-on-year. In July, the city's average coal price was 715.75 yuan/ton, down 0.5% month-on-month and 2.3% year-on-year.