The price of graphite electrode, carburant and Needle coke increased slightly

01 UHP graphite electrode and HP graphite electrode price increased slightly

Graphite electrode: the prices of ultra-high power graphite electrode and high-power graphite electrode increased slightly this week. The crude oil, and iron and steel market provided certain support for electrode market. In addition, under the requirements of local production restrictions, the release of electrode output is limited. The enterprise has sufficient production confidence and the quotation increased slightly. At present, the production of mainstream electrode manufacturers is relatively stable. Some enterprises have limited production slightly due to the impact of the epidemic, and most enterprises around Beijing are in the state of shutdown. On the cost side, after the Spring Festival, the new single price of petroleum coke and needle coke increased, and the price of coal tar pitch remained high, providing support for the electrode Market; On the supply side, the production of electrode enterprises in Hebei and Henan is limited, graphitization capacity utilization in Inner Mongolia is low, and the tight supply of electrode market under the influence of Winter Olympic Games and environmental protection inspection is further deepened than that in the early stage; The downstream procurement demand performance is weak, the production resumption of small steel plants is slow, and the demand side performance of large steel plants is relatively general due to Winter Olympics production restriction. 

02 Carburant market price increased slightly

Carburant: this week, carburant market price increased slightly, the coal carburant price is stable, with a small adjustment, and the price focus of oil carburant moved upward. The rising cost of raw materials provides support for the price increase of carburant. After Spriing Festival,  petroleum coke market price has increased continually, and under the influence of Winter Olympic Games production restriction, coke market supply is tight, which affects the cost and market supply of oil-series carburant. In addition, the production of carburant enterprises is also affected by production restriction, and the supply of carburant is also tight. On the coal-series side, the environmental protection inspection in Ningxia continues, the supply of calcined coal carburant continues to be tight, the production of enterprises mainly supply long orders, and the market continues the situation in the early stage. The market transaction is relatively slow. At the initial stage of downstream operation, the demand  of carburant purchase is not high, and the consumption is mainly pre-stock inventory. However, with the increase of downstream resumption and the shortage of low-cost productions, the demand side's stocking sentiment may increase, which is good for the later stage of carburant market.

03 Needle coke price increased in New Year’s first week 

Needle coke: the price of needle coke increased in the first week after the Spring Festival. The impact of upstream raw materials rise and winter Olympics production limit during the Winter Olympics provided impetus for needle coke enterprises to adjust prices. Under the influence of geopolitical tension, the international crude oil price rises, which drives the domestic oil market higher. The high price of low-sulfur oil slurry provides sufficient support for the cost of oil-series needle coke; Although the market price of coal tar pitch is temporarily deadlocked, the current market is at a high level, which still supports the cost of coal-series needle coke. On the supply side, affected by Winter Olympic Games production limit, enterprises plants operating in the main production area is limited. At present, it is understood that Yida operating rate is 50%, Jingyang is in the shutdown state, and some other needle coke enterprises are also in the state of shutdown due to the impact of cost or production restriction. The overall supply is significantly reduced than earlier, the resource is tight situation. The downstream transaction performance is slightly general. New orders in the market after the festival is insufficient, and most downstream enterprises are also affected by production restrictions. However, the demand of electrode and negative electrode market still exists. Needle coke enterprises produce stably according to the previous orders, and the overall supply is less than the demand, reading more graphite market news consult with us.