The Double Benefit Of Cost And Demand, The Price Of Needle Coke Rises

Recently, the price of needle coke in China has been raised by RMB 300-1,000. As of March 10, the price range of China's needle coke market is 10,000-13,300 yuan/ton for cooked coke; 8,000-9,500 yuan/ton for raw coke, and the mainstream transaction price of imported oil-based needle coke is 1,100-1,300 US dollars/ton for raw coke; Coke is 2000-2200 US dollars / ton; the mainstream transaction price of imported coal-measure needle coke is 1450-1700 US dollars / ton.

1. The price of raw materials is rising, and the cost of needle coke is high

The price of raw material products has risen sharply. Affected by the rise in international crude oil, the average market price of oil slurry has exceeded 5,700 yuan / ton, and the low-sulfur price has reached more than 6,000 yuan.

2. The downstream construction is going up, and the demand for needle coke is good

The downstream start-up has increased, and the graphite electrode start-up is expected to rise to 50% in March, but the current electric furnace steel plant's start-up is still low, and the short-term willingness to purchase graphite electrodes is not strong. Affected by the conflict in Ukraine, some graphite electrode companies have delayed the delivery of export orders to Russia, some European companies have increased inquiries for Chinese graphite electrodes, and the demand for graphite electrodes in the future is expected to increase. The start-up of anode materials in March is expected to be 75%-80%, and the terminal power battery market orders will not decrease. Overall, the demand for needle coke green coke is good.

3. Market outlook forecast

It is expected that the price of needle coke will mainly increase in the short term. On the one hand, the price of raw materials is running at a high level, and the cost of needle coke is high; In summary, the price of needle coke still has room for upward adjustment of about 500 yuan.