- Improved buying interest and lower supply supported firmer CCT prices
- CCT prices are expected to remain stable with a mild positive bias
Steel Authority of India Ltd’s (SAIL) Bhilai Steel Plant has notified 1,999 tonnes (t) of crude coal tar (CCT) for auction on 16 July 2026, the same quantity offered in its previous auction held on 6 July 2026, where the entire volume was successfully allocated.
The previous auction held on 6 Jul’26 it recorded a weighted average price of INR 57,800/t, up 6.5% from INR 54,250/t in the 25 June 2026 auction. The increase was mainly supported by improved buying interest after the price correction in late June and relatively lower material availability, which encouraged more competitive bidding.
The reduction in the offered quantity from 2,992 t on 25 June to 1,999 t in the latest auction also helped support prices by limiting supply. Bhilai has maintained strong auction performance, with the entire notified quantity being sold in each of its last three successful CCT auctions, indicating steady demand from buyers.
Outlook
The outcome of the upcoming auction is expected to provide further direction to the domestic crude coal tar market. The recovery in prices during the previous sale suggests that buyer confidence has improved, supported by lower auction volumes and steady procurement from downstream coal tar distillers.
However, with the latest winning price still below the early June peak, participants are expected to remain selective in their bidding. Unless there is a significant tightening in supply or a notable improvement in downstream demand for coal tar derivatives, prices are likely to remain stable with a mild positive bias, while procurement continues to be driven by immediate consumption requirements.
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