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Monthly report: Needle coke market maintains low profit, more challenges in May

Large  Small Date:2020-05-06  From:ICC
Note: In April, the needle coke market was weakly affected by the poor overall economic environment. The total output in April was 55,000 tons, and the monthly capacity utilization rate was 66%, up 13 percentage points from March.
In April, the needle coke market was weakly affected by the poor overall economic environment. The total output in April was 55,000 tons, and the monthly capacity utilization rate was 66%, up 13 percentage points from March. As of press time, the price of domestic coal-based needle coke is 5000-7000 yuan / ton, the price of oil-based needle coke is 6500-8500 yuan / ton, and the price of raw coke is about 4500-6500 yuan / ton; Needle coke is 680-1300 US dollars, oil-based needle coke is 1700-2000 USD / ton, and anode coke is 1000-1200 USD / ton. It's expected that utilization rate of needle coke production capacity will remain at 65-70% in May. Some companies will still have low-cost sources for the purpose of clearing warehouses. Overall, the major price reductions in the later stage of Jiaoshi are very limited. In a state of low profit, some companies are already selling at a loss. On the downstream side, in May, as production resumes and climbs further, the electric furnace steel market is expected to have a capacity utilization rate of 72%, of which the independent electric furnace steel factory capacity utilization rate is 75%, which plays a role in boosting the current graphite electrode market. In andoe material market, demand in May would remain weak, especially the power battery market is expected to continue in April. Domestic energy storage and small power will be the eyes of everyone. With the continuous construction of European and American companies, the overseas market demand will be gradually released, and the market is expected to improve in June.

Business Review

Henan Kaitan New Material Co., Ltd. held an ignition ceremony for the rotary kiln device at 3:00 pm on April 29, 2020. The successful ignition marked the breakthrough progress of the company's needle coke project trial production work, which became Important milestones.

The revitalization of carbon materials has undergone a comprehensive production line technical upgrade in April and plans to start full production in May. Shipment in April was acceptable, mainly due to negative electrode materials.

In April, Baoshun Chemical produced stable and normal production. The output of needle coke was 4,000 tons. The current shipment situation is general. The product price of raw coke is about 5,500 yuan / ton.

Ningxia Baichuan New Materials Co., Ltd., the first-phase 50,000-ton needle coke project is expected to be put into operation in June, and the 5,000-ton anode material (10,000-ton graphitization) intelligent manufacturing workshop and the 20,000-ton waste battery resource utilization project are also in full swing. Under construction, an engineering center with a construction area of more than 8,600 square meters will also be put into use by the end of the year.

The 40,000 needle coke project of Angang Chemical Technology was officially launched in November 2019. Affected by the current downturn, the factory is currently focusing on digesting inventory and the production line is shut down for maintenance for 2-3 months.

Wuhai Baohua Wanchen Coal Chemical Co., Ltd.'s 50,000-tonne coal-based needle coke project is progressing smoothly. The overall installation is undertaken by Baosteel Engineering Group. The centrifugal solvent method is adopted. The project is expected to be completed in July 2020.





 
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