【Needle Coke Daily Review】Adequate Inventory, Weak Prices Continue

1. Current Focus

1) The utilization rate of electric arc furnace steelmaking capacity was 50.42%, a decrease of 5.84% from the previous period. Contact us for the latest carbon market information.

2) The price of modified coal tar pitch was once again lowered to 3050-3300 yuan/ton, and the price of medium-temperature coal tar pitch was lowered to 3500-3600 yuan/ton.

3) The price of medium to low sulfur slurry oil was 3700-4100 yuan/ton. Learn more about needle coke related products...

2. Current market

                                                                                                                                Data Source：oilchem

Downstream demand is replenished on an as-needed basis. In terms of the negative electrode, low-priced petroleum coke is still being chosen as a substitute for needle coke, and the demand for needle coke is sluggish. The price range for raw needle coke is 6000-6800 yuan/ton, and the market price range for calcined needle coke is 8800-11500 yuan/ton.

3. Production& Marketing

Supply side: Most needle coke coal-based companies have shut down or are producing pitch coke, while some oil-based companies have stopped production and are operating at low loads. Manufacturers' inventories are relatively abundant.

Demand side: There are signs of a rebound in the negative electrode market, and the opening rate of electric furnaces has decreased significantly, maintaining a low demand for needle coke.

4. Market for Related Products

High-quality, low-sulfur petroleum coke is priced at 3100-3800 yuan/ton; medium to low sulfur slurry oil is priced at 3650-4100 yuan/ton. The price of medium-temperature coal tar pitch is 3500-3600 yuan/ton, and the price of modified coal tar pitch is 3050-3300 yuan/ton. The price of mid-end artificial graphite is 38,000 yuan/ton, and the market price of super high power 700mm graphite electrode is 28,000-29,500 yuan/ton.

5. Future Market Forecast

In the short term, the inventory of needle coke is relatively abundant, and the atmosphere for shipments is not good, so market prices are expected to remain weak. Contact us for the latest carbon market information.