According to the China Coking Industry Association, the average domestic spot price of coking oil in July was around 3,861 yuan/ton, down 18 yuan/ton, or 0.5%, from the previous month (3,879 yuan/ton). The coking oil market in July first fell and then rose. In the early July, the downstream deep processing products of coking oil, such as coal tar and anthracene, showed a downward trend, and the transaction enthusiasm of deep processing enterprises was negative. The start-up rate of coking enterprises was still acceptable, and the supply of coking oil was relatively loose, which was a bearish factor for the coking oil market. In the middle and late July, coking enterprises continued to be in the red, and the start-up rate of some enterprises was reduced, the output of coking oil decreased, and the prices of downstream deep-processing products rose, which drove the demand for coking oil from manufacturers and was a bullish factor for the coking oil market.
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