Current graphite electrode raw materials price analysis

Petroleum coke market is well traded, refineries supply is difficult to improve in the short term.

Yesterday, China’s petroleum coke market was well traded, local coking price continued to rise, and petroleum coke price rose again. HP graphite electrode has good electrical conductivity can be selected.

• In terms of main business, SINOPEC refinery medium and high sulfur coke price  was rising, and the production and sales were active; CNPC northwest region was actively traded, Xinjiang petroleum coke price increased by 200 yuan/ton, CNOOC  low sulfur coke shipment was positive, and  individual coke price accompanied adjustment. 

• In terms of land refining, the trading was good under the support of market demand, pushing up 90-300 yuan/ton. The demand side support was stable.  At present, the downstream carbon enterprises are in stable operation, and the petroleum coke supply of refineries is difficult to improve in the short term. The output of individual refineries is adjusted, under the both influence of petroleum coke supply and demand, there is certain positive support for refinery shipments. Today, it is expected that medium and high sulfur petroleum coke price will maintain generally stable and slightly adjusted, the shipment of CNOOC low sulfur coke market is stable, some coke prices may rise.

Downstream procurement positive, needle coke market maintains strong.

Recently, China’s needle coke market price has risen rapidly. On the one hand, due to the tight supply of low-sulfur oil slurry, the situation in Russia and Ukraine caused the international oil price to soar,  the cost of oil needle coke has risen, and the strong willingness of enterprises to support prices is also at a high level; On the other hand, under the high production and marketing of the downstream cathode material market, the purchase of raw coke is active, cooked coke market consumption will also increase during the resumption of steel plants and electrode factories production, needle coke market trading is active, demand side provide the support for needle coke market.

As of March 4, 2022, in China's needle coke market, the average price of cooked coke was 11198 yuan/ton, up 8.80% from last week; The average market price of raw coke was 8250 yuan/ton, up 9.27% compared with the same period last week. Anshan Zhongte New Material Technology had recently raised needle coke price by 20%. Raw coke ex-factory price was 9000 yuan/ton and calcined coke price was 11500 yuan/ton.

Overall, the current low start-up of needle coke market, raw materials and demand are favorable to needle coke market, needle coke market price is still expected to rise, chat with us for more coke market information.