Calcined coke Market trading is still acceptable, prices are stable with slight increases
On November 29th, the average market price of calcined petroleum coke was 2324 yuan/ton, an increase of 66 yuan/ton or 2.92% compared to the previous working day. The market price of low sulfur calcined coke remains stable, and companies have provided feedback that downstream electrode companies are still purchasing on demand. However, downstream companies are gradually accepting price increases, and on-site trading has slightly rebounded. The prices of calcined coke with medium and high sulfur indicators have increased for some enterprises, as downstream aluminum plants continue to adopt cost reduction procurement strategies, resulting in a lower price increase for calcined coke compared to raw coke; The downstream negative electrode market price of calcined coke for general goods continues to be low, and the stable price shipment of calcined coke for general goods is the main focus.
Today's prices
The mainstream transaction price of low sulfur calcined coke (using Jinxi and Jinzhou petroleum coke as raw materials) in the market is 3600-3800 yuan/ton; The mainstream transaction price for low sulfur calcined coke (Fushun petroleum coke as raw material) is 4400-4550 yuan/ton, while the mainstream transaction price for low sulfur calcined coke (Liaohe and Binzhou CNOOC coke as raw materials) in the market is around 3500-4000 yuan/ton.
The mainstream contract price for high sulfur calcined coke (with 3.0% sulfur and no requirements for trace elements) before leaving the factory was 1900 yuan/ton in cash. Today, we are discussing the mainstream factory price of 1900-1950 yuan/ton in cash; The mainstream contract price for high sulfur calcined coke (with 3.5% sulfur and no requirements for trace elements) before leaving the factory was 1750-1850 yuan/ton in cash. Today, we are discussing the mainstream factory price of 1750-1850 yuan/ton in cash; The previous contract price for medium high sulfur calcined coke (sulfur 3.0%, vanadium 400) was cash 2500-2600 yuan/ton, and today we are discussing the ex factory cash price of 2500-2600 yuan/ton.
Supply side
Today, the daily supply of commercial calcined coke in China was 27268 tons, with a production rate of 62.27%. The supply of calcined coke in the market remained stable compared to the previous working day.
In terms of upstream market
Petroleum coke: Refineries under Sinopec have good shipments, with coke prices temporarily stable. There is no pressure on the shipment of coke for negative electrodes in the Yangtze River region. Mainstream large factories have sufficient orders for negative electrode materials, and they are actively purchasing petroleum coke. Anqing Petrochemical and Changling Refining mainly supply negative electrode materials, while Wuhan Petrochemical is still under maintenance. Jiujiang Petrochemical and Jingmen Petrochemical have stable shipments of carbon coke. Maoming Petrochemical in South China will shut down a set of equipment for maintenance starting today, which will last for about two months. Today, the low sulfur coke from PetroChina's refineries is mainly supported by strong short-term price expectations. The demand for silicon from refineries in the northwest region has decreased, and most refineries are supplying carbon for aluminum. Today, CNOOC's refineries mainly execute orders.
In terms of downstream markets
Graphite electrode: Due to the comprehensive impact of inventory pressure, environmental policies, and cold weather, some graphite electrode enterprises plan to stop production at the end of this month, and will mainly ship from existing inventory in the future. At the end of the month, the buying and selling atmosphere in the market was quiet, and there was still a game between the supply and demand sides of graphite electrodes. Overall, the mainstream transaction price remained stable.
Electrolytic aluminum: The price increase of alumina has narrowed, and the support for aluminum prices has weakened. Coupled with the continuous decline of spot aluminum prices, there has been no significant improvement in market transactions, and spot aluminum prices have fallen four times in a row.
Negative electrode materials: According to market feedback, the demand for negative electrode materials in the market is gradually improving, with mainstream negative electrode manufacturers maintaining a high level of equipment load. Some small and medium-sized enterprises have relatively stable production and continue to focus on sales based production. However, due to the continued cost reduction in the industry chain, there is currently no significant positive support for negative electrode material prices, and actual transaction prices continue to be low. The survival pressure of negative electrode enterprises still exists.