Epidemic influence on graphite electrode and raw material petroleum coke

1. Graphite electrode: The epidemic affected graphite electrode production resumption in Shanxi.

Shanxi news: With the end of the Winter Olympic Games and Paralympic Games, some graphite electrode manufacturers in Shanxi began to gradually resume production in late March. However, affected by the recent escalation of epidemic prevention and control, the highway transportation control in Shanxi has been strengthened. Many regional high-speed companies have advised the vehicles from Inner Mongolia, Shandong (Qingdao), Hebei, Xingtai, Shijiazhuang, Handan and Tianjin to return. Part of the graphite electrode enterprises said the recent raw material transportation pressure was increasing (especially needle coke from other provinces). At present, enterprises mainly consume goods stored before the Spring Festival. At the same time, Shanxi electrode manufacturers also have certain sales pressure. The tension of vehicles and the rise of oil price have significantly increased the freight cost. If the outbreak does not improve by the end of March, some small and medium-sized electrode manufacturers' production is expected to be affected.

1. Petroleum coke: Affected by the epidemic, refined petroleum coke transportation is limited, coke price callback.

Yesterday, there was a bipolar trends in petroleum coke market trading. Part of mainstream coke prices rose. Affected by the epidemic transport restrictions, refined petroleum coke price corrected. Main business, Sinopec refinery's shipment is stable and coke price is stable; PetroChina northwest has good trading and the demand side procurement is stable; The price of Zhoushan Petrochemical petroleum coke under CNOOC increased by 400 yuan/ton. In terms of local refining, due to Shandong epidemic limited the logistics, refineries inventory increased, and the coke price decreased by 50-100 yuan/ton. At present, many cities roads are limited, refineries’ shipment is under pressure. It is expected that the petroleum coke market will mainly be organized and operated, and refined petroleum coke price in Shandong province is still likely to decline, contact us about carbon market analysis.