【Needle Coke】 Graphitized Coke Sales Are Decent, Overall Market Remains Tepid

【Needle Coke】 Graphitized Coke Sales Are Decent, Overall Market Remains Tepid

Market Overview

As of September 10, 2024, China's needle coke market remains stable. The price range for domestic green coke is RMB 4,900-5,300/ton, while graphitized coke ranges from RMB 6,500-8,200/ton. Imported Petroleum-based needle coke trades at $500-1,200/ton for green coke and $750-1,250/ton for graphitized coke. Imported coal-based needle coke trades at $800-1,000/ton for graphitized coke. The average price of domestic needle coke is RMB 7,585/ton, unchanged from the previous day.

The overall demand remains weak, particularly for green coke, as downstream production continues to decline and cost-cutting pressures intensify, leaving needle coke suppliers with little negotiating power. However, graphitized coke has seen stable sales as downstream buyers maintain necessary purchasing volumes, keeping prices steady.

Market Prices

Upstream Markets

• Slurry Oil: On September 10, slurry oil prices remained stable, with medium-high sulfur grades priced between RMB 3,330-4,000/ton, and low-sulfur grades between RMB 3,680-5,000/ton. International crude oil prices rose, providing cost support, but downstream demand is weak, keeping trading subdued.

• Coal Tar Pitch: The coal tar pitch market is cautious, with main production regions offering prices around RMB 4,300-4,500/ton. Raw material supply is stable, and new orders remain pending.

Downstream Markets

• Graphite Electrodes: Limited demand and tight profit margins for steelmakers have led to minimal purchasing activity. Steel plants continue to consume existing stocks, while graphite electrode manufacturers focus on fulfilling prior orders.

• Anode Materials: The market is cautious, with manufacturers focusing on clearing inventory and producing based on sales to avoid stockpiling.

· Petroleum Coke:

Market Outlook

The needle coke market remains weak, with demand as the key challenge. Market confidence is lacking, and prices are expected to remain stable in the short term. Graphitized coke prices are likely to range between RMB 6,500-8,200/ton, while green coke prices may stay between RMB 4,900-5,250/ton.

(Source: Baiinfo)

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