【Needle Coke】Market Running Weak and Stable, Trading Based on Demand

Needle coke price remains stable, with no favorable cost support. The mainstream price for raw coke is around 5,200-5,800 yuan/ ton, while the mainstream price for calcined coke is around 7,800-9,500 yuan/ ton.

Supply side: Most needle coke coal enterprises have either shut down or switched to producing pitch coke, and the resumption time is uncertain. Oil-based enterprises are operating at low capacity.

Demand side: There is a slight upward trend in demand from negative electrode enterprises. Electric furnaces have made minor adjustments to their operations, but the demand for needle coke from graphite electrodes remains weak. 

In the market, low- to medium-sulfur slurry prices are around 3,600-3,970 yuan/ ton. Modified coal tar pitch is priced at around 4,800-5,000 yuan/ ton, and medium-temperature coal tar pitch is priced at around 4,550-4,600 yuan per ton. The price of mid-end artificial graphite is around 34,000 yuan/ ton, and the market price for super high-power 700mm graphite electrodes is around 24,000 yuan/ ton.

The operating rate of negative electrode enterprises has rebounded slightly, relieving the high inventory situation. There are expectations of further recovery in July, but the enthusiasm for external procurement of raw materials is not high. The needle coke market continues to trade based on demand.

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