High raw material price, increased pressure on needle coke cost

On August 31, 2022, needle coke market price reduced compared with the previous working day, the price range: calcined petroleum coke was 10000-14500 yuan/ton, raw coke was 8000-9500 yuan/ton; the imported oil-based needle coke mainstream transaction price was $ 1300-1600/ton, calcined petroleum coke was $ 2300-2500/ton; the imported coal-based needle coke mainstream transaction price was $ 1700-2000/ton. The main raw material for UHP graphite electrode is needle coke, and 70% ~ 80% of the total consumption of graphite electrode is used for steel making. 

At present, the price of needle coke in the mainstream market is stable, and individual prices have decreased slightly. In terms of raw materials: in the slurry market, as the international crude oil price has risen recently, and the oil slurry price increased synchronously. In terms of coal tar pitch: the price increased with the support of high price coal tar, and the average price has exceeded 6600 yuan. The needle coke market price is weak, but the raw material price is high, so the cost pressure of needle coke continues to increase, and some coal-based needle coke enterprises face losses.

Recently, the needle coke market has mainly operated weakly and stably. Since this week, the power limitation in Sichuan and Chongqing has gradually recovered. However, the overall demand of the downstream is general, the price of raw materials is relatively strong, and the cost is still supported to a certain extent. In conclusion, the price of needle coke is expected to be strong and stable in the next working day. Graphite electrode needle coke market more reports, welcome your inquiry.