随着焦化产品回收和精加工的迅速发展，中国煤焦油消费将呈现增长趋势。 同时，由于国外炼焦行业的关停并转，煤焦油生产日趋减少，国际市场呈现资源偏紧态势。此外，国内一批陶瓷、玻璃、蒸汽热能等行业大量收购煤焦油替代重油作燃料，全国煤焦油资源将继续紧张。因此，预测2009年煤焦油市场需求仍然看好，其价格将随着成品油价和下游产品价格的波动而联动。

        2007年，全国机焦生产应回收煤焦油约1230万吨，实际回收焦油量约840万吨左右，约有390万吨左右没有回收。

图：2004-2008年煤焦油产量（单位：万吨）

整理：水清木华研究中心

        由于国内焦油资源紧张，而煤焦油加工生产能力却仍在不断扩大。因此在未来几年，中国焦油加工行业会形成激烈竞争的局面。尽管存在市场强大需求的拉动，但是激烈的竞争必将会降低企业的整体盈利水平。

        中国煤焦油加工产业正面临产业升级，发展趋势是向集中化、规模化、精细化方向发展。大部分的中小焦油加工企业将被产业升级所淘汰。根据国家行业政策，焦油加工单套装置能力要求在10万吨/年以上，这就要求原料供应地至少要有200万吨/年以上的焦炭加工能力。所以，在原料产地建厂、或是有实力焦化企业向煤焦油深加工方向发展是最符合中国产业发展的趋势。

        本报告主要依据来源于国家统计局、国家海关总署、商务部、国家经济信息中心、中国煤焦油网、国内外相关刊物的基础信息以及煤焦油行业研究单位等公布和提供的大量资料。报告对中国煤焦油行业的产量、价格、下游产业链中的工业萘市场、炭黑市场、煤沥青市场以及煤焦油加工行业发展趋势进行探讨。

China coal tar consumption will be on the upward trend with the recycling of coking products and rapid development of finishing processing sector. Meanwhile, as foreign coking plants have been closed down, suspended, merged or switched to other lines of production, making coal tar production increasingly fall, so the international market is in a situation of tight resources. Moreover, a group of domestic industries, including ceramics, glass and steam heating have purchased a great deal of coal tar to substitute heavy oil as fuel, so China will continue to have a short supply of coal tar. Therefore, it is forecast that China’s market demand for coal tar will remain good in 2009, and China’s coal tar prices will fluctuate in tandem with ups and downs of international crude oil prices and downstream product prices in the year.

In 2007, China's total recovery of coal tar was supposed to be 12.3 million tons, but actually 8.4 million tons were recycled and 3.9 million tons were unrecovered.

China Coal Tar Output, 2004-2008 (unit: 10,000 tons)

Source: ResearchInChina

China is still continuously expanding its coal tar processing capacity, because of short supply in domestic market. So it is expected that China’s coal tar processing industry will see a severe competition in the next few years. Though the industry is boosted by strong market demand, the overall profitability of the companies is bound to be reduced due to intense competition.

China coal tar processing industry is facing an industrial upgrading and the development trend is to make the industry more centralized, enlarge its production scale and make its processing finer. Most medium- and small-sized coal tar processing companies will be eliminated during the industry upgrading. According to the national industry policy, a single unit must have an annual coal tar processing capacity of above 100,000 tons, meaning a raw materials supplier should have an annual coke processing capacity of above 2 million tons. Therefore, it is the most consistent with the development trend of China coal tar industry that coal tar producers should build their plants nearby a coke production base or some powerful coke producers can develop to the direction of deep processing of coal tar. 

The report is based on the authoritative statistics and information from the National Bureau of Statistics, the General Administration of Customs, the Ministry of Commerce and the China Economic Information Network, and substantial information from publications at home and abroad and research institutions, regarding China coal tar industry. Thus report makes an in-depth study on the output and prices of China’s coal tar industry as well as the development trend of its downstream industries, including naphthalin, carbon black and bitumen.

第一章 中国煤焦油产业政策环境
1.1 产业政策
1.1.1 《中国的能源状况与政策》对外发布
1.1.2 煤企促大限小政策
1.2 贸易政策
1.2.1 08年焦炭出口配额将有所降低
1.3.2 煤焦油出口关税上调至15%

第二章 中国煤焦油经济环境
2.1生产分析
2.2需求分析
2.3出口分析
2.4价格分析
2.5 产业分析

第三章 2007年中国煤炭行业运行分析
3.1总体生产情况
3.2 销售情况
3.3 企业总体经营情况
3.4 销售成本状况
3.5 财务费用增长情况
3.6 市场供需分析
3.7 进出口分析
3.8 2008年煤炭行业预测
3.9 焦炭行业
3.9.1焦炭生产情况
3.9.2 焦炭出口情况
3.9.3 产能变化分析

第四章 煤焦油主要产品分析
4.1煤沥青市场
4.1.1煤沥青产量分析
4.1.2煤沥青消费分析
4.2工业萘市场
4.2.1 工业萘产量分析
4.2.2工业萘价格分析
4.3炭黑市场
4.3.1炭黑产量分析
4.3.2 炭黑价格分析
4.3.3 炭黑行业前景预测
4.4 世界煤焦油加工业的发展趋势
4.4.1 提取单体产品为主
4.4.2以沥青深加工为主

第五章 煤焦油主要企业分析
5.1 山西焦化
5.1.1 公司简介
5.1.2 业务结构
5.2 宏特煤化工
5.2.1 公司简介
5.2.2 相关进展
5.3 宝钢化工
5.3.1 公司简介
5.3.2 最新进展
5.4 首钢焦化
5.4.1 公司简介
5.4.2 最新进展
5.5 鞍钢化工
5.5.1 公司简介
5.5.2 最新进展
5.6 山东振兴焦化
5.7 河南博海化工

第六章 煤焦油及其相关行业发展前景
6.1 我国煤焦油产业发展趋势分析
6.2 我国煤焦油产业投资风险分析
6.3 我国煤焦油产业投资建议分析
6.3.1 避免盲目建设
6.3.2 整合资源
6.3.3 攻克技术难关
6.4 我国煤焦油业的市场竞争力分析
6.5 我国煤焦油业的行业依赖性分析
6.6 我国煤焦油业产业进入退出壁垒分析
6.7 煤焦油产业投资机会
6.7.1 全行业经济形势分析
6.7.2 煤焦油产业投资机会
6.8煤焦油加工行业
6.9 煤化工行业发展
6.9.1 行业发展趋势预测
6.9.2煤化工产品的市场竞争力
6.9.3行业发展战略

第七章 总结

1. Policy Environment of China's Coal Tar Industry
1.1 Industry Policy
1.1.1 Publication of ""China's Energy Conditions and Policies"
1.1.2 Policy on Supporting Big Coal Producers and Restricting Small Ones
1.2 Trade Policy
1.2.1 A Predictable Reduction of Coal Tar Export Quota in 2008
1.2.2 Export Tariff on Coal Tar Lifted to 15%

2. Economic Environment of China's Coal Tar Industry
2.1 Analysis of Production
2.2 Analysis of Demand
2.3 Analysis of Export
2.4 Analysis of Price
2.5 Analysis of Industry

3. Operation of China's Coal Industry in 2007
3.1 Overall Production
3.2 Sales
3.3 Overall Operation of Coal Enterprises
3.4 Cost of Sales
3.5 Increase in Financial Expenses
3.6 Market Supply and Demand
3.7 Import and Export
3.8 Prediction of China Coal Industry in 2008
3.9 Coke Industry
3.9.1 Coke Production
3.9.2 Coke Export
3.9.3 Changes in Production Capacity

4. Main Coal Tar Products
4.1 Coal Pitch Market
4.1.1 Coal Pitch Output
4.1.2 Coal Pitch Consumption
4.2 Industrial Naphthalin
4.2.1 Industrial Naphthalin Output
4.2.2 Industrial Naphathalin Price
4.3 Carbon Black Market
4.3.1 Carbon Black Output
4.3.2 Carbon Black Price
4.3.3 Prospect and Forecast of Carbon Black Industry
4.4 Development Trend of Global Coal Tar Processing Industry
4.4.1 Focus on Extracting Monomer Products
4.4.2 Focus on Bitumen Deep-Processing

5. Key Coal Tar Enterprises
5.1 Shanxi Coking (Group) Co., Ltd.
5.1.1 Company Profile
5.1.2 Business Structure
5.2 Shanxi Hongte Coal Chemical Co., Ltd.
5.2.1 Company Profile
5.2.2 Development
5.3 Baoshan Iron & Steel Co., LTD. Chemical Branch
5.3.1 Company Profile
5.3.2 The Latest Development
5.4 Shougang Coking Co., Ltd.
5.4.1 Company Profile
5.4.2 The Latest Development
5.5 Angang Chemical Co., Ltd.
5.5.1 Company Profile
5.5.2 The Latest Development
5.6 Shandong Zhenxing Coking Co., Ltd.
5.7 Henan Bohai Chemical Co., Ltd.

6. Development Trend of China Coal Tar Industry and Its Related Industries
6.1 Development Trend of China's Coal Tar Industry
6.2 Investment Risks of China's Coal Tar Industry
6.3 Suggestions on Investment in China Coal Tar Industry
6.3.1 To Avoid Blind Construction
6.3.2 Resources Integration
6.3.3 To Solve Technical Difficulties
6.4 Market Competitiveness of China's Coal Tar Industry
6.5 Reliance of China's Coal Tar Industry on Other Industries
6.6 Barrier to Entry and Exit China's Coal Tar Industry
6.7 Investment Opportunities in Coal Tar Industry
6.7.1 Economic Situation of the Whole Industry
6.7.2 Investment Opportunities
6.8 Coal Tar Processing Industry
6.9 Coal-based Chemical Industry Development
6.9.1 Forecast of Industrial Development Trend
6.9.2 Market Competitiveness of Coal-based Chemical Products
6.9.3 Development Strategy

7. Conclusion