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Monthly report: needle coke market performance was weakening in August

Large  Small Date:2020-08-31  From:ICC
Note: Needle coke market performance was weakening in August. Chinese needle coke enterprises' operating rate maintained around 38% in August.
Needle coke market performance was weakening in August. Chinese needle coke enterprises' operating rate maintained around 38% in August. Downstream demand was not very good in short-term. Oil-based needle cok3 price index declined by 9.9% m-t-m, y-o-y down 69.8%. Coal-based needle coke price index decreased by 5.8% m-t-m, y-o-y down 62%. As end of August, Chinese coal based needle coke price was 4500-5500 Yuan/MT. Oil-based needle coke price was 4500-6500 Yuan/MT. Uncalcined coke price was 3800-5000 Yuan/MT. Imported coal-based needle coke price was 550-1300 USD/MT. Imported oil-based needle coke price was 950-1350 USD/MT. Needke coke on anode price was 450-750 USD/MT. ICCSINO estimates that needle coke market would remain stable in September.
 
In terms of downstream anode material, shipment situation was good and new energy vehicle marketwas gradually warming up. Anode material price was stable in August and hit bottom. Chinese low-end anode material price was 19000-25000 Yuan/MT. Chinese middle-end anode material price was 32000-48000 Yuan/MT. High-end vehicle battery anode material price WAS 50000-68000 Yuan/MT. High-end 3C battery anode material was 60000-85000 Yuan/MT. 
 
Referring to downstream graphite electrode, Chinese GE market was stable in August. Some normal, high power and small size products supply was tight. Quotation slightly increased. Super high power graphite electrode price was stable. As end of August, UHP450mm needle coke with 30% content of needle coke price was 11500-12000 Yuan/MT. UHP 600mm price was 15000-16000 yuan/MT. UHP700mm price was 25000-27000 yuan/MT.
 
Needle coke enterprise dynamics and progress of new enterprises in August:
 
The 100,000-tonne needle coke project planned by Taiyuan Shenghong Carbon Materials Co., Ltd. is expected to be put into operation by the end of the year with a production capacity of 50,000 tons.
 
All 6 reactors of Jinling Petrochemical's 150,000-ton oil-based needle coke project have been hoisted recently. The installation and commissioning of the project is expected to be completed in November and officially put into operation in December.
 
For Maoming Petrochemical’s oil-based needle coke project with 138,000 tons, all four reactors in the main structure of the coke tower have been hoisted in place recently, laying a good foundation for the plant to be put into operation at the end of the year. The project is scheduled to be commissioned and completed in early December and will be officially put into production in January.
 
The 80,000-tonne-a-year needle coke project of Weifang Fumei New Energy Co., Ltd. has begun to purchase the first batch of raw materials. It is expected to start production at the end of August and produce products in mid-September.
 
The first phase of the 70,000-ton oil-based needle coke project of Shandong Binhua Burning Needle Coke is scheduled to start on September 15.
 
Henan Kaitan New Material's 40,000-ton coal-based needle coke production line will undergo a 20-day maintenance in August and is expected to resume production in September.
 
Hongte Chemical's needle coke is in normal production this month. It is reported that due to the market downturn, the current monthly output is controlled at a low level to meet the needs of its own electrodes.
 
In order to meet the current market demand, Yida New Materials successively released three new products on the market in the third quarter: Y99-F series anode special coke (green coke, cooked coke); Y99-D series electrode special coke (body, connector); Y99-S series quasi-needle coke (a mid-end product between needle coke and petroleum coke), after the second phase of the project is announced to be put into production, will be dedicated to the production of electrode body coke and joint coke.
 
Mitsubishi Chemical’s coal-series needle coke has been overhauled in June and lasted until mid-July. The current production is normal, and the monthly output is controlled at 40%. The output in 2020 is expected to drop 40% year-on-year.
Japanese oil-based needle coke company eneos (JXTG) completed its annual maintenance plan from February to March this year. The current production is stable and the capacity utilization rate is controlled at 30% to 40%. The annual output is expected to drop 33% year-on-year from 2019.
 
South Korea's PMC coal-based needle coke completed its annual maintenance in June and resumed production in July. It is reported that the current production is stable and the capacity utilization rate is controlled at 60%. The export volume to the Chinese market from January to July performed well, but the profit was very low.
Both Phase I and Phase II of Jingyang Technology's oil-based needle coke are in stable production, with a capacity utilization rate of over 90%, and monthly exports accounting for 20%. The annual output of needle coke is expected to increase by 37% compared with last year.
 
According to the latest news from Angang Chemical, the inventory accumulated in the early stage of the factory has been digested by downstream carbon customers. The production line resumed production in early August, with a monthly output of 4,000 tons.
 
The first phase of the 100,000-tonne needle coke project of Tangshan Shandong Rixin Energy has completed the construction of the needle coke device and the commissioning of the production line equipment. The tar input will start on August 20. It is expected that coke will be born at the end of September, which is further delayed than the original plan. A month.
 
Wuhai Baohua Wanchen Coal Chemical's 50,000-ton coal-series needle coke project has now completed all construction and has entered the stage of comprehensive equipment commissioning. It is expected to be officially put into operation in November 2020.
 
Shanxi Fuma Carbon Material Technology Co., Ltd. has 40,000 tons/year needle coke. At present, all the foundations of the main building of the project have been completed, the main structure and civil works have been basically completed, and the main equipment has been installed in place. The project is expected to be completed and put into operation by the end of the year.
 
The 100,000-tonne needle coke project planned by Taiyuan Shenghong Carbon Materials Co., Ltd. is expected to be put into operation by the end of the year with a production capacity of 50,000 tons.
 
For Maoming Petrochemical’s oil-based needle coke project with 138,000 tons, all four reactors in the main structure of the coke tower have been hoisted in place recently, laying a good foundation for the plant to be put into operation at the end of the year. The project is scheduled to be commissioned and completed in early December and will be officially put into production in January.
 
All 6 reactors of Jinling Petrochemical's 150,000-ton oil-based needle coke project have been hoisted recently. The installation and commissioning of the project is expected to be completed in November and officially put into operation in December.


 
 
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