Industry News|Petroleum coke market price rises broadly; Graphite electrode price fluctuates slightly; Japanese oil based needle coke announced a 16% price increase

1. Petroleum coke market price is rising

   At the beginning of the new year, the quotation of Daqing Petrochemical 1# petroleum coke was increased by 300 yuan/ton, to 6100 yuan/ton. Fushun Petrochemical 1# petroleum coke increased by 300 yuan/ton, to 6000 yuan/ton. Jinzhou Petrochemical 1#b petroleum coke increased to 4900 yuan/ton. Jinxi Petrochemical 1# petroleum coke increased by 200 yuan/ton, to 4800 yuan/ton. Dagang Petrochemical 1# petroleum coke increased to 4800 yuan/ton，viewing Juxing graphite electrode uses high quality petroleum coke as raw material.

2. Yida new materials needle coke continues to be exported to the U.S. market

   At the beginning of the new year, needle coke of Shandong Yida new materials Co., Ltd. continued to be exported to the U.S. market after being exported to Japan, Europe, Russia and India. The company's products have been fully recognized by high-end markets at home and abroad, and the export volume will reach 13,000 tons in 2021.

3. Mitsubishi Chemical 2021 briefing

   According to the latest news from Mitsubishi Chemical, the annual operating rate of the plant remained at 50% in 2021, and the annual actual total output was about 35000 tons, of which 70% was exported to China. The current mainstream L product sells for $1,350/ton.

4. Japanese oil based needle coke announced a 16% price increase

   According to the latest news from ENEOS, a Japanese oil based needle coke enterprise, the company plans to build another 100,000 tons needle coke project. At present, the scheme is in the research stage. It is also understood that driven by the rapid increase in raw material costs and better-than-expected demand market, the local price of needle coke was announced to increase by 16% to $2900/ton.

5. In 2021, the output of graphite electrode increased by 5.6% year-on-year

   According to statistics, China's graphite electrode production capacity in 2021 was 2.499 million tons, up 16% year on year. China's output of graphite electrodes is expected to reach 1.08 million tons in 2021, up 5.6% year on year.

   According to customs data, China's total export of graphite electrodes is expected to reach 370,000 tons in 2021, with a year-on-year increase of 20.9%, surpassing the level in 2019. According to the export data from January to November, the top three export destinations are: Russian Federation 39,200 tons, Turkey 31,500 tons and Italy 21,500 tons, accounting for 10.6%, 8.5% and 5.8% respectively, contacting us to get more graphite market news.

Figure: Statistics of China's Graphite Electrode Exports by Quarter 2020-2021 (10,000 tons)