ICC News: Main needle coke market performance has largely been stable in December. As of late Dec., prices of coal-based needle coke are 22,000-23,000 yuan/ton, and petroleum-based needle coke 22,000-23,000 yuan/ton, a decrease of 12 percent year on year.
Specifically, as to first-tier enterprises, Jinzhou Petrochemical maintained stable production this month, with a monthly output of 3,500 tons; the price dipped to 20,000 yuan/mt due to the soft demand early in the month; by the mid- and late Dec., graphite electrode supply tightened up once again and sale prices of HP Φ400-450mm GE jumped to 70,000-115,000 yuan/ton, UHP Φ400-500mm GE 80,000-120,000 yuan/ton and Φ550-700m GE 90,000-160,000 yuan/ton; prompted by the positive news from the downstream, Jinzhou Petrochemical also decided to raise product prices by 2,000 yuan/mt to reach 22,000 yuan/mt at the end of the month.
Shanxi Hongte Coal Chemical Industry Co., Ltd's three workshops of the 50kt needle coke production facilities all had completed maintenance and feedstock material treatment was basically completed as well in December. It is expected to officially start production in early 2018.
Baosteel Chemical's needle coke production was also stable this week. As of Dec., 25, they only had less than 1,000 tons of calcined coke on stock and green needle coke was completely sold out. The person in charge indicated that they didn't take new orders in late December after finishing the contract at hand.
Fangda C-Chem (Jiangsu)'s needle coke production has been stable this month, with a daily output of 180-200 tons. Products are only available for internal supply. Sales plan for 2018 has yet disclosed although products are expected to be partically available for external market supply.
Kaifeng Carbon Anshan Thermo-Energy's needle coke production has been stable this month, with products entirely supplied to Kaifeng Carbon.
As to second-tier enterprises, Shandong Jingyang Technology Co., Ltd's calcining facilities officially started operation in December. It now produces calcined needle coke of 150 tons each day, with market price at 20,000 yuan/mt. It is forecast to reach 10,000 tons in sales volume (green coke included) in 2018.
Shandong Yida produced calcined needle coke using outside calcination facilities in December. As of now, Shandong Yida's green needle coke price is 13,000 yuan/mt and calcined needle coke 20,000 yuan/mt.
As to the third-tier enterprise, Risun Group Company Limited, Henan Haixing Chemical Co., Ltd and Liaoning Xingde Chemical Co., Ltd signed an investment agreement with Baofeng County government in December.
Three companies set up a joint venture in Baofeng county with Risun holding 51% of equity, Haixing 39% and Xingde Chemical 10%, which has invested to build a 100kt.a coal-based needle coke project. Right now, the land construction on the first phase of project featuring 50kt needle coke capacities has completed. Needle coke trial production is expected to be carried out after October next year.
Shanxi Meijin Energy (000723) acquired over 51 percent of Jinzhou Chemical's equity with their own capital in October 2017. There hasn't been new development on the event, and when Jinzhou Chemical's needle coke production will start remains unknown.
Right now, electrolyte prices are largely at 41,000 to 56,000 yuan/ton, high-end products are around 80,000
CONTACT US
ICC APP
