- Higher prices curbed buyer participation
- Downstream demand will dictate near-term price direction
Recent crude coal tar (CCT) auctions reflected mixed pricing trends across major domestic producers, with buyer sentiment largely influenced by elevated reserve prices, tender-driven demand and expectations of near-term price corrections.
SAIL Rourkela’s crude coal tar auction conducted on 6 July 2026 for 10,000 t received no bids, as the reserve price of INR 59,000/t exw was considered unviable by buyers amid expectations of softer market prices. In contrast, the previous auction held on 26 June 2026 for 2,000 t witnessed complete allocation at a weighted average price of INR 59,010/t exw, supported by immediate procurement requirements and limited spot availability at the time.
According to market sources, the recent firmness in crude coal tar prices appears to have been driven primarily by short-term buying activity rather than sustained underlying demand. Participants expect prices to moderate once procurement any increase in the prices of downstream coal tar derivatives, including coal tar pitch and related products, could improve feedstock demand and provide renewed support to crude coal tar prices in the near term.
SAIL Bhilai’s the crude coal tar auction held on 6 July 2026 for 1,999 t witnessed complete allocation at a weighted average price of INR 57,550/t exw, marking an increase from INR 54,250/t exw recorded in the previous auction on 25 June 2026, where 2,992 t was fully sold. The price improvement was supported by stronger bidder participation and immediate feedstock requirements from downstream processors despite cautious broader market sentiment.
In addition, NMDC Nagarnar’s auction conducted on 4 July 2026 for 1,500 t, approximately 1,200 t was sold at a weighted average price of INR 56,000/t exw, while the remaining quantity remained unsold, indicating selective buying interest and increased price sensitivity among participants.
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