【Low-sulfur Petcoke & Needle Coke】

Price Assessment and Subsequent Trend Forecast!

In September, the average price of low-sulfur petroleum coke in China was 3620 yuan, up 3% month-on-month, and the price of calcined petroleum coke for your further refenrence.  

At the beginning of the month, due to short-term inventory replenishment demands from downstream negative electrodes, petroleum coke prices saw a slight increase. However, in the middle and later part of the month, as end-consumer demand recovery fell short of expectations, downstream negative electrode companies preferred to use existing inventory, resulting in a decrease in petroleum coke prices. In October, China Petrochemical Corporation (Sinopec) entrusted its sales company to handle the petroleum coke sales.

During the National Day holiday, petroleum coke prices were generally reduced by 300-400 yuan/ton. Looking at the post-holiday trends, there are currently no significant positive signals for the fourth quarter. Given the presence of some coke inventory and no noticeable improvement in future demand, petroleum coke prices may trend slightly downward.

In September, the average price of petroleum-based needle coke in China was 5100 yuan, remaining flat month-on-month.

Although there was a slight decrease in the price of pitch, it remained at a high level and provided support for the production cost of petroleum-based coke. Many needle coke manufacturers reduced production lines or halted production to deplete inventory. Despite a lack of favorable demand from downstream negative electrodes, high costs and reduced supply maintained the stability of petroleum-based coke prices.

In October, it is expected that downstream demand for negative electrodes may further weaken. petroleum-based coke producers, after depleting earlier inventories, are likely to maintain production for specific sales. Price stability is anticipated in the short term. Focus on the international petroleum coke industry market trends and welcome to contact us.