Petroleum coke prices push up! The downstream market continues to inquire orders, and market orders remain unchanged.
Market Overview
The average petcoke market price on January 8 was 1,798 yuan/ton, an increase of 6 yuan/ton from the previous working day, an increase of 0.33%. Today, the low-sulfur petroleum coke in Northeast China under PetroChina went up; the shipment of locally produced petroleum coke was acceptable, and the price of some locally produced coke still rose by 10-150 yuan/ton.
Supply side
As of January 8, one coking unit in the country has been undergoing routine maintenance. The national petroleum coke daily output is 91,328 tons, and the coking operating rate is 72.02%, which is the same as the previous working day.
Demand side
Downstream carbon companies for aluminum still have purchasing demand for petroleum coke; downstream battery factories of anode companies are obviously in a destocking mood, demand for anode materials is slightly sluggish, and the overall market orders are declining; graphite electrode companies have reduced production willingness, and are selected based on order selection The market is running weakly; the silicon carbide industry and the southern fuel market still have market demand for high-sulfur pellet coke.
Market outlook predict
The overall petcoke market shipments are acceptable, downstream purchasing sentiment still exists, and market orders have not decreased. However, with the recent rise in coke prices, downstream companies are cautious in receiving goods, which has limited support for the petcoke market. Therefore, Baichuan Yingfu expects the market to Coke prices may be mainly stable, and some coke prices still have room for upside, with a range of 10-50 yuan/ton. The market demand for pellet coke is stable, and Baichuan Yingfu expects the price of pellet coke to remain stable in the short term.