CHINA COAL TAR & COAL TAR PITCH MARKET UPDATE 2017

Zhou Baogang

East River Asia Limited

September, 2017

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Tar Distillation Capacity Growth

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Operating Rate, 2016-2017

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Chinese Crude Steel Output, 2010-2017

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Chinese Steel Products Export, 2010-2017

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Chinese Coke Output, 2010-2017

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Coal Tar Supply, 2010 – 2017

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Coal Tar Import, 2010 - 2017

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CBO Export, 2013 - 2017

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Anthracene Export, 2011 - 2017

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Carbon Black Import & Export,2010 – 2017

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Naphthalene, 2016 - 2017

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Anthracene, 2016 - 2017

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Carbon Black Oil, 2016 - 2017

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Pitch & Coal Tar Prices, 2016 - 2017

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Primary Aluminum Output and Pricing, 2016 - 2017

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Monthly Aluminum Prices, 2016 - 2017

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Coal Tar Pitch

Pitch production in 2016: 5.1 million MT

Pitch production in 2017: 4.9 million MT

Operating rate in 2016: 50%

Operating rate in 2017: 49%

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Pitch Export, 2010 - 2017

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Solid and Liquid Pitch Export,2010 - 2017

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Solid Pitch Export to Russia and India, 2010 - 2016

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Pitch Export by Country, 2016

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Pitch Export to Middle East Area, 2016

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Summary and Conclusion

Operating rate below 50%

Pitch: Profit provider for Chinese distillation

Much impact from environmental control

CBO and ATO export continue to decline

Carbon Black export remain stable

Pitch export remain strong

Liquid pitch continue to lead, but solid pitch

volume increasing for export

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East River Market Report

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East River Asia Limited

Thank You!

Zhou Baogang

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