【Anode Materials】Increased Demand Drives Further Rise in Low-Sulfur Coke Prices!

According to the latest updates from the petroleum coke market:

· Daqing Petrochemical: Standard petroleum coke prices increased by 50 RMB/ton to 2,800 RMB/ton, effective from midnight on November 20, 2024. Adjustments apply to warehouse-delivered coke as well.

· Fushun Petrochemical: Prices also rose by 50 RMB/ton, reaching 2,990 RMB/ton as of midnight on November 20.

The continued strengthening of low-sulfur coke prices is driven by robust purchasing demand across industries:

• Leading anode material manufacturers have actively entered the market, fostering a positive buying atmosphere.

• Graphite electrode manufacturers maintain stable procurement levels due to consistent production rates.

• The aluminum carbon and graphitized cathode sectors show steady to increasing demand, while refinery inventories of low-sulfur coke remain low.

Market Outlook:

Given the current supply-demand dynamics, low-sulfur coke prices are expected to see further modest increases.

Jinxi Petrochemical Update:

• On October 23, standard petroleum coke (Grade 3A) was priced at 2,440 RMB/ton, up 100 RMB/ton. Calcined standard petroleum coke for October was sold at 3,300 RMB/ton (mixed coke), up 100 RMB/ton, while dust-removal powder increased to 2,600 RMB/ton.

• On October 11, standard petroleum coke prices rose by 50 RMB/ton to 2,300 RMB/ton.

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