Monthly report: Needle coke shipments are still poor in December

Needle coke shipments were still not good in December. Due to the oversupply of the graphite electrode industry, the company's inventory was overstocked, especially the high-power and ultra-high-power specifications showed a significant excess state. As a result, prices fell sharply compared to the same period, and corporate profits bottomed Eliminate the enthusiasm for purchasing needle coke. According to Xinxun statistics, the total export of graphite electrodes in China is expected to reach 350,000 tons in 2019, an increase of 19.3% compared with the same period last year, but whether the industry can maintain steady growth next year has different opinions. In the short term, affected by the Spring Festival in the first quarter, the production of downstream negative electrode and electrode companies has slowed down significantly. It is expected that the needle coke market will continue to be weak and accompanied by a reduction of 500-1000 yuan.

 

In terms of the import market, the total import of oil-based needle coke in November was 17,500 tons, an increase of 11.4% month-on-month; the export volume was 1,404 tons, a decrease of 47.6%, and the total coal-based coke import was 9,683 tons, an increase of 83%. As of the end of the month, the price of domestic coal-based needle coke was 7000-8000 yuan / ton, the price of oil-based needle coke was 7000-9000 yuan / ton, and the price of raw coke was about 6500-8000 yuan / ton. In terms of imports, PMC mainstream Deals were at US $ 850-1100, Mitsubishi Chemical reported US $ 3700, JXTG reported US $ 4650; Mizushima reported US $ 4,850; P66 electrode coke US $ 3,200, anode coke HBA-0 at US $ 2200 / ton, and GHBA-0 at US $ 2,000 / Ton. Downstream graphite electrodes In December, the iron and steel industry is already in the off-season throughout the year, and domestic steel mills have gradually started to stop production and overhaul, especially the New Year's Day, which is just around the corner. The operating rate has also declined slightly due to this. The operating rate of the graphite electrode market has also declined. Most small and medium-sized enterprises mainly produce green billets, and subsequent processes such as graphitization and machining are prepared to be carried out after the Spring Festival. There are also a few cases of major manufacturers reducing or stopping production and maintenance. It dropped to about 60%. In the terminal market, according to Xinyi Information, as of January 2, 2020, the utilization rate of electric furnace steel capacity of 135 steel plants nationwide was 62.06%, a decrease of 4.58% from last week. Among them, the capacity utilization rate of independent electric furnace steel plants was 62.77%, a decrease of 4.96% from last week.

 

Corporate dynamics review this month:

 

12-02 The latest news from Jinzhou Petrochemical. Due to the weakening demand in the downstream market, the company announced that it would allow shipments, and adjusted the price of acicular coke after calcination to 9,000 yuan / ton, and the price of acicular coke before calcination to 7,500 yuan / ton.

 

12-02 The price of JXTG for the Chinese market was reduced from the original US $ 4980 to US $ 4650, down 6.6%, and it was exported to the Chinese market in October by 500 tons.

 

12-10 Fang Daxioke ink needle coke production line will resume production in the middle and late of this month after a round of overhaul. It is estimated that the output will be 40,000 tons in 2019.

 

12-10 Shaanxi Coal Industry Chemical Group Shenmu Tianyuan Chemical's 50,000-ton coal-based needle coke project has been completed, and the first tower of raw coke is planned to be produced by the end of this month. Calcination will not be started for the time being.

 

12-12 Fuma Carbon Material 40,000 Tons Needle Coke Project At present, the 18.5m frame structure of the coke tower of the needle coke project is completed, the pre-treatment civil engineering works are fully completed, 31 tar finishing main equipment, 48 storage tanks have been completed, and tar The construction of the joint unit has been completed by 70%. The project is expected to be completed in June 2020, and the product will be put on the market in August.

 

12-16 Shantou Yang Technology Co., Ltd.'s second-stage needle coke device was successfully started up at one time. At 10 o'clock on the 12th, the second-stage needle coke device went out of coke smoothly. At 20:00 on December 13, the second-stage calcination device produced a qualified calciner. Back focus.

 

12-16 Angang Chemical Technology's 40,000-ton coal-based needle coke project has reached full production capacity, producing 5,000 tons of coke per month and 3,500 tons of calcined back coke.

 

12-26 Anshan Kaitan Thermal Energy has resumed production in the middle of this month. The main purpose of this overhaul is to improve the processing capacity of the equipment. Currently, coke is mainly born. It is expected that the calcined carbon will be supplied in mid-January after calcination.