【Needle Coke】Production Capacity and Demand Forecast

Since 2020, China's needle coke production capacity has been growing year by year. In 2020, the expansion of needle coke production capacity reached its peak, exceeding 700,000 tons per year. From 2021 to 2024, the UHP graphite electrode (produced with 100% needle coke) for EAF steelmaking, the expansion rate of needle coke production capacity is stabilizing, with an average annual growth of around 550,000 tons. The specific situation is as follows: 

As of the current date, there are a total of 2.23 million tons of needle coke production capacity in newly built and expanded projects, mainly in the oil sector, with a majority being for the production of carbon electrodes. The specific breakdown is as follows:

Demand for needle coke: It is forecasted that the market demand for needle coke will continue to grow in the coming years, with the demand increment primarily driven by the negative electrode materials market. Contact us for the latest reports on needle coke market.