【Needle Coke】 Latest Price: Slight Increase!

Market Overview

On September 3, 2024, China's needle coke market experienced a slight price increase. Domestic needle coke prices ranged between 4900-5300 CNY/ton for green coke and 6500-8200 CNY/ton for calcined coke. Imported oil-based needle coke traded at 500-1200 USD/ton for green coke and 750-1250 USD/ton for calcined coke, while imported coal-based needle coke sold at 800-1000 USD/ton for calcined coke. The average domestic price of calcined needle coke was 7585 CNY/ton, up by 0.5% from the previous working day.

A key factor behind the price increase is tight supply, with certain manufacturers slightly raising prices. A factory in Liaoning increased its calcined needle coke price by 200 CNY/ton due to equipment maintenance and low stock levels. The tight supply in the market, along with steady demand from electrode manufacturers, is driving price increases. Additionally, fluctuating slurry oil prices have provided cost support to needle coke producers.

Market Prices (CNY/ton) 

Upstream Market

Slurry oil: Prices remained stable, fluctuating between 20-40 CNY/ton, with medium to high sulfur slurry oil trading in the 3380-4000 CNY/ton range. Low-sulfur slurry oil prices ranged between 3680-5000 CNY/ton. International crude oil prices slightly increased, but actual downstream demand remains moderate.

Coal tar pitch: The market was cautiously optimistic, with pricing influenced by tight supply due to intermittent production stoppages. Coal tar pitch prices ranged from 4200-4500 CNY/ton, and a potential upward trend could emerge depending on raw material availability.

Downstream Market

Graphite electrodes: The market remained stable with limited new orders. Price support was weak, and overstocking led to frequent discounting, keeping the market steady.

Anode materials: The market showed weak stability with declining shipment volumes. Demand from battery manufacturers remained subdued, and competition for orders among anode material suppliers intensified.

Petroleum Coke:

Outlook

The needle coke market is expected to remain stable in the short term, with minor price increases for calcined coke. The forecasted price ranges are 6500-8200 CNY/ton for calcined coke and 4900-5250 CNY/ton for green coke.

(Source: Baiinfo)

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