【Calcined Petroleum Coke】Limited Raw Materials and Demand Support, 

Market in Weak Operation

Industry Dynamics: In recent times, the market for low-sulfur calcined petroleum coke (CPC) has remained stable, with some enterprises still executing previous orders. Some enterprises indicate that despite the decline in raw material prices, downstream purchasing enthusiasm remains generally moderate, with a noticeable bearish sentiment. The overall shipment of medium to high sulfur calcined petroleum coke is ordinary, with petroleum coke prices gradually falling. Coupled with the weak performance of downstream aluminum carbon and negative electrode markets, there is limited support for calcined petroleum coke prices, and the inventory of some medium sulfur calcined petroleum coke continues to rise. 

Low-sulfur calcined petroleum coke (using Jinsixi and Jinzhou petroleum coke as raw materials) has a mainstream transaction price of 3600-4000 yuan/ton. Low-sulfur calcined petroleum coke (using Fushun petroleum coke as raw material) has a mainstream factory transaction price of 5050-5150 yuan/ton. Low-sulfur calcined petroleum coke (using Liaohe and Binzhou Zhonghai petroleum coke as raw materials) has a mainstream factory transaction price of 3080-3550 yuan/ton.

Medium to high sulfur calcined petroleum coke (sulfur 3.0%, no requirements for trace elements) had a mainstream contract price of 2100 yuan/ton in the past, and recently, the mainstream factory cash price is negotiating around 2000-2050 yuan/ton. Medium to high sulfur calcined petroleum coke (sulfur 3.5%, no requirements for trace elements) had a mainstream contract price of 1900-1950 yuan/ton in the past, and recently, the mainstream factory cash price is negotiating around 1800-1900 yuan/ton. Medium to high sulfur calcined petroleum coke (sulfur 3.0%, vanadium 400) had a previous contract price of 2600 yuan/ton, and recently, the negotiating price is around 2400-2600 yuan/ton.

Graphite electrodes: The market's downturn has led to a decrease in the production enthusiasm of graphite electrode enterprises, and there is a strong intention to control production. The main focus is on maintaining stable shipments to existing customers. The transaction price in the market varies, with the mainstream market price stabilizing.

Aluminum electrolysis: Influenced by the international market and an ample supply in the market, buyers are mainly making just-in-time purchases, leading to a decline in spot aluminum prices.

Negative electrode materials: In the near term, there is no positive information to boost the overall negative electrode material industry chain. Coupled with the approaching year-end, the willingness of some downstream enterprises to clear inventory has gradually increased, resulting in a overall decline in market transactions.

Both supply and demand sides show a tendency toward weakness. Some enterprises in the low-sulfur calcined petroleum coke sector are making concessions to facilitate shipments, but medium-sulfur calcined petroleum coke enterprises have a clear intention to hold prices. It is expected that the mainstream price of low-sulfur calcined petroleum coke will remain stable in the short term, while there is still a downward risk in the price of medium to high sulfur calcined petroleum coke, with a magnitude of around 50 yuan/ton. Follow us to learn about the latest market news on calcined coke products.