【Petroleum Coke】Prices Decline Month-on-Month, Different Grades Show Varying Performance

In July, the production of anode materials was 171,500 tons, a month-on-month decrease of 2.94%. The capacity utilization rate was 64.53%, a decrease of 12.16 percentage points month-on-month. The decline in anode material production led to weaker demand for #1 high-end petroleum coke and 2A grade petroleum coke. Additionally, the operating rate of the graphite electrode market in July remained around 27%, down 2.83 percentage points year-on-year and up 0.12 percentage points month-on-month, providing limited support for low-sulfur coke.

Since early June this year, the price of low-sulfur petroleum coke has significantly declined due to weak demand across various sectors, particularly in the anode material market, leading to decreased purchasing demand and difficulty in price improvement. The price of medium-high sulfur petroleum coke, used in traditional pre-baked anodes, industrial silicon, and silicon carbide, showed stable to slight growth, with its price drop significantly lower than that of low-sulfur petroleum coke. This resulted in a narrowing price gap between high and low-sulfur petroleum coke.

In July, the price difference between 2A and 4A was about 746 yuan/ton, down 147 yuan/ton from June's difference of 883 yuan/ton.

Data Source: Oilchem

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