- Buyers push for lower prices amid secured supply
- Crude coal tar prices soften on weak auction participation
SAIL Bhilai’s crude coal tar auction conducted on 15 June 2026 for 2,011 tonnes remained unsuccessful, as buyers appeared cautious and sought lower price levels. According to market sources, the highest bid received was around INR 50,250/t, reflecting a significant decline compared to the previous auction held on 4 June 2026, where the entire offered quantity of 1,509 tonnes was booked at a weighted average price of INR 59,442/t.
The decline in bidding levels is primarily attributed to a shift in buyer sentiment, with several consumers entering into MoUs for supply arrangements and subsequently negotiating for more competitive procurement prices. Market participants indicate that buyers are attempting to realign crude coal tar purchase prices with revised supply commitments and prevailing market expectations, leading to weaker participation in recent auctions.
SAIL Bhilai is scheduled to offer an additional 2,992 tonnes of crude coal tar on 25 June 2026, which will be closely monitored for price trends and buyer response.
Meanwhile, SAIL Rourkela has scheduled an auction for 10,000 tonnes of crude coal tar on 22 June 2026. In its previous auction conducted on 21 May 2026, the entire quantity of 10,000 tonnes was sold at a weighted average price of INR 53,200/t.
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