Strong cost support, needle coke manufacturers push positive

Current review: On April 16, domestic needle coke prices operated steadily. In terms of raw materials, oil slurry price continues to be high, the supply is tight under the influence of quota and epidemic situation, which provides strong cost support for oil series needle coke enterprises; In terms of coal tar, the raw material coal tar is supported at a high level, reading the related UHP graphite electrode informations here, the operates of deep-processing enterprises is reduced, and coal tar new order single price rises slightly; Overall, in the later stage, the rising trend of raw materials still exists, and the cost pressure of needle coke enterprises will continue.

April 16, 2022, needle coke market price:

1. China's needle coke market mainstream price:

(1) Oil series needle coke raw coke was 9500-11000 yuan/ton; Burning coke was 11000-14000 yuan/ton;

(2) Coal series needle coke raw coke was 8500-9500 yuan/ton; Burning coke was 10000-12500 yuan/ton;

2. Import needle coke market mainstream price:

(1) Oil series needle coke raw coke was 1200-1500 USD/ton; Burning coke was 2200-2400 USD/ton;

(2) Coal series needle coke raw coke was 800 USD/ton; Burning coke was 1600-1700 USD/ton.

Overall forecast: In terms of cost, the raw material price is still strong, the demand side cathode material operates at a high level, and the purchase of needle coke is positive. In terms of market sentiment, related products prices are rising, and manufacturers are pushing up positively. It is expected that in the short term China’s needle coke market prices continue to rise.  More needle coke news please contact us.