Monthly review: The overall supply and demand changes in the needle coke market in July are limited

The overall supply and demand changes in the needle coke market in July were limited, and the market price remained stable overall. As of the end of the month, domestic coal-based needle coke is at 8500-10000 yuan/ton, oil-based needle coke is at 9500-12000 yuan/ton, the price of joint coke is 13000 yuan/ton, and the price of green coke is 6000-6500 yuan/ton; imported In terms of price, the coal-based needle coke is 1500-1600 US dollars, the oil-based needle coke is 1600-2000 US dollars/ton, and the negative coke price is 850-1300 US dollars/ton. In terms of exports, China's oil-based needle coke exports from January to June 2021 totaled 20,800 tons, and the export companies were from Shantouyang; Shandong Yida; P66, the destination country is Japan; India; Germany. ICC has learned from overseas markets that the current overseas market’s “hungry” for oil-based needle coke is mainly due to the increase in demand for raw materials from various carbon companies and the tighter supply of overseas oil-based needle coke. At present, China's oil-based needle coke has a strong price-quality advantage in overseas markets, and at the same time it reduces the risk of raw materials for overseas electrode companies. According to ICC statistics, the current mainstream overseas carbon companies that use China’s needle coke include: Tokai; SDK,;SEC;HEG;GIL;EPM, etc. In terms of the import market, China imported 63,400 tons of oil-based needle coke from January to June 2021. The main source of imports: P66; Water Island; 2021 1-6 China’s coal-based needle coke imports totaled 43,200 tons, the main source of imports is South Korea’s PMC; Mitsubishi Chemical. ICCICC learned from overseas markets that the Japanese needle coke market is affected by the increase in domestic electrode demand and the export volume is limited. The affected customers are from China; India. Due to the overhaul in the second quarter of the UK market, the current output is climbing and it is expected to reach a normal level by the end of the third quarter. The affected customers are from India, the United States, China and Japan; the mainstream carbon companies in the US market have strong demand in the third quarter Rebound, and there was a shortage of needle coke supply. According to ICC, the current price of needle coke in the US market has reached US$2,000, and the price in the Indian market is between US$1800-2000. Looking at the market outlook, the supply side is supported by cost and the output is limited, and the price is firm; the demand side is affected by the general shipment of the electrode market, and the price of parts below 10mm has fallen, and the purchase of raw materials has slowed down; the demand for the negative electrode has maintained a good performance.