For the Quarter Ending December 2025
Coal Tar Pitch Prices in North America
- In United States, the Coal Tar Pitch Price Index rose quarter-over-quarter in Q4 2025, driven by rising costs and demand.
- Production costs increased in Q4 2025, influenced by a 2.7% CPI rise in December and 3.0% PPI in November 2025.
- Rising US coal market export benchmarks in December 2025 further elevated production expenses for Coal Tar Pitch.
- Coal Tar Pitch demand strengthened in Q4 2025 due to a 2.0% industrial production increase in December 2025.
- Domestic demand for aluminum products and the US steel sector experienced a notable resurgence in Q4 2025.
- US metallurgical coal exports are forecast to fall in 2025, while US coal production declined in Q4 2025.
- Manufacturing Output declined in Q4 2025, partially offsetting positive industrial production trends.
- A 3.3% retail sales increase in November 2025 and 4.4% unemployment rate in December 2025 supported demand.
Why did the price of Coal Tar Pitch change in December 2025 in North America?
- Rising input costs, including a 2.7% CPI increase in December 2025, pressured Coal Tar Pitch prices upward.
- Stronger domestic demand for aluminum and steel products in Q4 2025 boosted Coal Tar Pitch consumption.
- Increased US coal market export benchmarks in December 2025 contributed to higher production expenses.
Coal Tar Pitch Prices in APAC
- In China, the Coal Tar Pitch Price Index declined quarter-over-quarter in Q4 2025, influenced by a 1.9% fall in producer prices in December 2025.
- Production costs were impacted by the downward movement of high-temperature coal tar prices in Q4 2025.
- Demand was supported by a 5.2% year-on-year increase in industrial production in December 2025.
- The manufacturing sector expanded in December 2025, indicating robust activity in key consuming industries.
- Weak consumer demand, with CPI rising only 0.8% year-on-year in December 2025, dampened overall industrial demand.
- Subdued retail sales, up 0.9% year-on-year in December 2025, affected downstream product demand.
- China's alumina inventory build persisted in Q4 2025, weakening spot alumina prices during the period.
- Coking coal prices improved in Q4 2025, underpinned by strengthened demand from China.
- China's Coal Tar Oil exports decreased in October 2025; imports of distillation products increased in November 2025.
Why did the price of Coal Tar Pitch change in December 2025 in APAC?
- Producer prices fell 1.9% year-on-year in December 2025, indicating deflationary pressures on industrial goods.
- High-temperature coal tar, a key feedstock, experienced a downward market trend in Q4 2025.
- Weakened spot alumina prices in Q4 2025, due to inventory accumulation, reduced demand from a major end-use sector.
Coal Tar Pitch Prices in Europe
- In Germany, the Coal Tar Pitch Price Index fell quarter-over-quarter in Q4 2025, driven by contracting manufacturing and falling producer prices.
- Thermal coal feedstock costs in Europe weakened in 2025, contributing to a downward trend in Coal Tar Pitch production expenses.
- German crude steel production weakened year-on-year in October and December 2025, directly reducing Coal Tar Pitch demand.
- The Manufacturing Index was contracting in December 2025, signaling reduced industrial output and lower demand for Coal Tar Pitch.
- Industrial production in Germany showed modest 0.8% year-on-year growth in October 2025, indicating subdued industrial expansion.
- Consumer confidence remained low at -17.5 in December 2025, indirectly dampening demand for end-use products.
- German industrial capacity utilization inched up in Q4 2025, yet crude steel production plummeted for the full year.
- Automotive demand rebounded sharply in November 2025, while construction output weakened during the same period.
Why did the price of Coal Tar Pitch change in December 2025 in Europe?
- Falling producer prices, indicated by a -2.5% PPI year-on-year in December 2025, pressured Coal Tar Pitch prices.
- Contracting manufacturing activity in December 2025 reduced overall industrial demand for Coal Tar Pitch.
- Weakened German crude steel production in December and October 2025 directly lowered consumption of Coal Tar Pitch.
For the Quarter Ending September 2025
Coal Tar Pitch Price in North America
- In United States, Coal Tar Pitch (CTP) Price Index rose in Q3 2025, driven by rising production costs and robust industrial demand.
- Production costs increased due to 3.0% CPI in September and 2.6% PPI in August 2025, alongside higher natural gas prices.
- Demand strengthened from aluminum and construction sectors, supported by a 0.1% industrial production increase in September 2025.
- Robust retail sales, up 5.42% in September 2025, and a 4.3% unemployment rate supported overall economic activity.
- Despite consumer confidence declining to 94.2 in September 2025, key industrial sectors maintained demand for Coal Tar Pitch.
- Electric power coal inventories tightened in Q3 2025 due to rising demand, affecting feedstock availability.
- US aluminum imports from Canada significantly decreased in Q3 2025 due to escalated tariffs, influencing domestic supply.
- The Coal Tar Pitch price forecast suggests continued upward pressure, supported by sustained industrial activity and rising input costs.
Why did the price of Coal Tar Pitch change in September 2025 in North America?
- Rising production costs, evidenced by 3.0% CPI (September) and 2.6% PPI (August 2025).
- Strengthened demand from aluminum and construction, supported by 0.1% industrial production (September 2025).
- Increased industrial natural gas prices in Q3 2025, with tightening electric power coal inventories.
Coal Tar Pitch Price in APAC
- In China, the Coal Tar Pitch Price Index fell quarter-over-quarter in Q3 2025, influenced by deflationary pressures.
- The Coal Tar Pitch demand outlook is mixed, with strengthening aluminum production contrasting weakened crude steel output.
- Industrial Production expanded by 6.5% year-on-year in September 2025, supporting overall industrial material demand.
- Retail Sales increased by 3.0% year-on-year in September 2025, indicating robust consumer spending indirectly boosting demand.
- The Manufacturing Index was contracting in September 2025, signaling a slowdown in overall industrial sector activity.
- Consumer Price Index (CPI) decreased by 0.3% year-on-year in September 2025, reflecting broad deflationary pressures.
- Producer Price Index (PPI) fell by 2.3% year-on-year in September 2025, indicating weak industrial demand and oversupply.
- Active aluminum operating capacity increased by September 2025, providing some support for Coal Tar Pitch consumption.
- Government policy constrained primary aluminum production capacity in mid-2025, impacting overall supply dynamics.
- The Coal Tar Pitch price forecast suggests continued pressure due to persistent deflationary trends and mixed industrial signals.
Why did the price of Coal Tar Pitch change in September 2025 in APAC?
- Deflationary pressures, with CPI falling 0.3% and PPI decreasing 2.3% year-on-year in September 2025.
- Manufacturing Index contracting in September 2025, signaling reduced industrial activity and demand for raw materials.
- Weakened crude steel output in Q3 2025, despite strengthened aluminum production, created mixed demand signals.
Coal Tar Pitch Price in Europe
- In Germany, the Coal Tar Pitch Price Index fell quarter-over-quarter in Q3 2025, driven by contracting industrial activity.
- Coal Tar Pitch production costs were pressured by a 1.7% decline in producer prices in September 2025, despite rising CPI of 2.4%.
- Overall industrial production declined 1.0% in September 2025, indicating weakened demand for raw materials like CTP.
- Demand from the aluminum sector for Coal Tar Pitch showed a rising trend in Q3 2025, offering some market support.
- Coking coal prices experienced a moderate decline in Q3 2025, contributing to lower feedstock costs for CTP production.
- The Manufacturing Index trended Contracting in Q3 2025, signaling reduced new orders and industrial output.
- European steel production continued to decline in 2025, impacting Coal Tar Pitch supply as a coke byproduct.
- The Coal Tar Pitch price forecast remains cautious due to persistent industrial weakness, despite specific demand pockets.
- Retail sales rose 0.2% in September 2025, indirectly suggesting some stability in consumer-driven sectors.
Why did the price of Coal Tar Pitch change in September 2025 in Europe?
- Industrial production declined 1.0% in September 2025, reducing overall demand for CTP.
- Producer prices fell 1.7% in September 2025, lowering CTP production costs despite rising CPI.
- Contracting Manufacturing Index and declining steel output impacted byproduct supply and demand.
