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Monthly review: needle coke market performed well in September

Large  Small Date:2020-10-09  From:ICC
Note: Chinese needle coke market was good both on shipment and price in September. Needle coke price increased by 3-10% in September.
Chinese needle coke market was good both on shipment and price in September. Needle coke price increased by 3-10% in September. Although needle coke shipment and transaction price rebounded, the whole industry was still under pressure. In summary, needle coke price rebound is rational return. Currently Chinese needle coke production capacity market is over supply. There is very small possibility for needle coke to increase dramatically. 

In terms of Chinese needle coke price, as end of September, coal based needle coke price was 4800-5500 yuan/MT. Oil based needle coke price was 4800-6000 yuan/MT. Uncalcined coke price was 3500-4500 yuan/MT. For imported products, coal-based needle coke price was 550-1300 USD/MT. Oil-based needle coke price was 900-1350 USD/MT. Anode coke price was 450-750 USD/MT. 

In terms of market dynamics in September,

Shandong Binhua’s 70,000-ton oil-based needle coke project was completed and is expected to be officially put into operation on September 15 and the first batch of products will be released in mid-to-late October.

The first batch of products of the 120,000-ton oil-based needle coke project of Liaoning Bora Bioenergy Phase I have been promoted in the market in August.

Shandong Yida announced that the price of needle coke has increased by 500 yuan/ton.
Xuyang needle coke has two production bases in Pingdingshan, Henan and Luliang, Shanxi. This year, affected by the global epidemic, the price has fallen below the break-even point. In order to maintain normal production and operation, the company has adjusted the price of needle coke from the 23rd. Up 500-1000 yuan/ton.

Baowu Carbon announced this month that the price of needle coke has increased by RMB 800/ton.

Jingyang Technology successfully developed and mass-produced needle coke for graphite electrode joints in the second half of 2019. Up to now, it has sold more than 6,000 tons of joint coke. At the same time, the company's needle coke has excellent performance in large-size ultra-high power graphite electrodes such as φ600mm, φ650mm, φ700mm, φ750mm, etc.

Baotailong needle coke resumed production this month, producing 3,000 tons of coke. In addition, the cooked coke was produced during the National Day, and the granularity of the company's needle coke products has been improved after technological transformation.

Maoming Petrochemical's 300,000 tons (raw material)/year needle coke unit and 100,000 tons (cooked coke)/year needle coke calcining unit, the civil engineering of the project has entered the final stage, and the installation of equipment, steel structure and various pipelines is in order.

The 50,000-tonne needle coke project of Ningxia Baichuan New Materials Co., Ltd. has completed the main body construction and equipment installation and commissioning work. The factory started to import tar on September 10 and is expected to produce coke in mid-October.

 
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