NEW YORK, June 30, 2016 /PRNewswire/ -- Coal tar is a
by-product of coke production, and its output varies with coke
output.
In 2007-2014, China's coke output
continued to grow, but the growth rate had been declining since
2010. In 2015, due to a downturn in the steel industry, the coke
demand shrank sharply, with the output sliding 6.7% year on year.
The change in coal tar output was basically the same as that of
coke. In 2015, the coal tar output in China approximated 17.7 million tons.
In 2015, China's coal tar
production converged in North
China and East China, which contributed an aggregate of 57%
of the total nationwide. By province, Shanxi, Hebei
and Shandong ranked among the top
three in terms of coal tar output. Among them, Shanxi constituted China's largest coal and coke producing area,
whose coal tar output occupied 17.9%.
In China, coal tar is mainly
consumed in deep-processed products (including phenol, anthracene,
industrial naphthalene, coal tar pitch, etc.) and carbon black,
with 2015's consumption in the two markets accounting for 76% and
22%, respectively.
In 2015, China's coal tar
processing capacity totaled 25.5 million tons, and there were a
large number of coal tar deep-processing enterprises that went into
fierce competition. To promote sound development of the industry
and by degrees eliminate backward capacity, the Ministry of
Industry and Information Technology (MIIT) issued in 2014the Access
Conditions of Coking Industry, which stipulates that anhydrous coal
tar processing capacity of single facility shall be no less than
150 kt/a. It is expected that in the upcoming years China's coal tar processing capacity will slow
down, and that capacity concentration will improve.
The Chinese coal tar processing enterprises mainly include Henan
Baoshun Chemical Technology, Shanghai Baosteel Chemical, and
HuanghuaXinnuoLixing Fine Chemical, whose capacity reached
respectively 1.05 million tons, 950,000 tons, and 900,000 tons in
2015. Among them, Baoshun Chemical has three major coal tar
bases—Henan headquarters, Shandong Baoshun, and Xinjiang Baoshun,
which have the processing capacity of 450,000t/a, 300,000 t/a, and
300,000 t/a, respectively.
In 2015, affected by a combination of factors including
China's economic slowdown, a fall
in international crude oil prices, weakened demand for downstream
products of coal tar, as well as the enforcement of the most
stringent environmental protection law, coal tar prices bottomed
out. In 2016-2020, China's coal
tar industry will still face pressure from environmental protection
rectification and excessive industrial capacity reduction. However,
with the elimination of backward capacity and the improvement of
capacity concentration, we project that in 2017 the coal tar prices
will pick up, and that by 2020 China's coal tar output will reach
about 20 million tons.
China Coal Tar Industry Report,2016-2020 by ResearchInChina is
mainly concerned with the following:
Supply & demand, import & export, competitive landscape,
price trend, and development forecast of the Chinese coal tar
market;
Supply & demand, import & export, and price trend of the
Chinese coal and coke markets;
Supply & demand, import & export, and price trend of the
Chinese coal tar deep-processed products market (phenol oil,
industrial naphthalene, etc.);
Operation, coal tar business, and development forecast of 15 global
and Chinese coal tar processing companies.
Read the full report:
http://www.reportlinker.com/p0182999-summary/view-report.html
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