【Calcined Petroleum Coke】Prices Rising! CPC Prices Climbing Across the Board!

Market Overview

As of October 9, the average market price for calcined petroleum coke (cpc) was 2,138 yuan/ton, up 3 yuan/ton from the previous working day, an increase of 0.12%.Currently, the overall price of calcined petroleum coke is on the rise. The price of low-sulfur calcined petroleum coke made from Fushun raw coke has increased along with the rise in raw material prices, with an increase of 50-120 yuan/ton. The downstream electrode market has shown slight improvement, and the sales of low-sulfur calcined coke have picked up accordingly. Mid- and high-sulfur calcined coke is mainly sold on a contract basis, and due to the increase in petroleum coke prices, some companies have slightly raised their external quotes. Although the production costs of calcined petroleum coke have risen, many companies have already locked in prices with their October orders, leading to a decrease in overall profits.

Main Regional Market Transaction Prices

Current prices

· Low-sulfur calcined coke (using Jinxi and Jinzhou petroleum coke as raw materials) are mainly transacted at 3,150-3,200 yuan/ton.

· Low-sulfur calcined coke (using Fushun petroleum coke as raw material) has mainstream factory prices at 3,700-3,850 yuan/ton.

· Low-sulfur calcined coke (using Liaohe and Binzhou Zhonghai petroleum coke as raw materials) is mainly transacted at around 2,850-3,050 yuan/ton.

· Mid- and high-sulfur calcined coke (S 3.0%, no trace element requirements) had a mainstream factory contract price of 1,900 yuan/ton in cash previously, with current negotiations keeping the factory price around 1,850-1,900 yuan/ton in cash.

· Mid- and high-sulfur calcined coke (S 3.5%, no trace element requirements) had a mainstream factory contract price of 1,680-1,750 yuan/ton in cash, with current negotiations keeping the factory price around 1,640-1,750 yuan/ton in cash.

· Mid- and high-sulfur calcined coke (S 3.0%, V 400) had a contract price of 2,400 yuan/ton in cash previously, with current negotiations keeping the factory price at 2,400 yuan/ton in cash.

Supply

Currently, the national daily supply of commercial calcined coke is 27,656 tons, with an operating rate of 63.15%. This represents a 1.17% increase in calcined coke supply compared to the previous working day.

Upstream Market

· Petroleum Coke: PetroChina's petroleum coke prices remain stable with slight increases. The low-sulfur coke market in Northeast China is performing reasonably well, with prices at Daqing Petrochemical and Fushun Petrochemical rising by 50 yuan/ton. In Northwest China, aluminum carbon enterprises are actively purchasing, and transactions are strong. China National Offshore Oil Corporation's refinery, Zhonghai Asphalt, has temporarily halted its output this week, while other refineries are tendering normally, though prices have not yet been announced, so further attention is needed.

Downstream Markets

· Graphite Electrodes: Supported by the rebound in steel mill profits, major graphite electrode manufacturers are planning price increases. However, the market is still in the testing phase, with slight adjustments in individual orders. Most transactions are stable, with the mainstream market price remaining firm and showing a slight upward trend.

· Electrolytic Aluminum: Influenced by external factors, combined with increasing supply and high spot aluminum prices, market enthusiasm for purchases has declined, and spot aluminum prices have fallen.

· Anode Materials: The anode materials market remains stable, with most enterprises maintaining steady shipments. In terms of raw materials, post-holiday prices of medium- and low-sulfur petroleum coke have risen, while medium-temperature asphalt prices have slightly decreased. Prices of coated asphalt and needle coke raw coke remain stable. Overall, the cost structure of anode materials is mixed, with both positive and negative factors, leading to stable prices at low levels.

Market Outlook

It is expected that tomorrow, various types of calcined coke will primarily be sold on a contract basis, with some prices slightly increasing in line with raw material costs.

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