Monthly Review: Petroleum coke market prices continue to rise in October

 

ICCNEWS: Petroleum coke market prices continue to rise in October,but the market supply and demand is the average performance. It is reported that at the beginning of October Daqing Petrochemical, Fushun Petrochemical 1 # both quote at 4800 yuan / ton, while at the end of the month Daqing Petrochemical 1 # rose 500 yuan / ton, up to 5300 yuan / ton; Fushun Petrochemical 1 # A rose 400 yuan / ton, up to 5200 yuan / ton, increase rate over 13%. And low sulfur calcined coke prices also rose from 7,000 yuan / ton at the beginning of the month to 7,500 yuan / ton at the end of the month. Raw material prices continue to rise, so that the downstream enterprises intend to wait-and-see while purchasing. Downstream graphite electrode prices keep rising, so the market sales wouldn't like to sell them out easily; and negative electrode materials market demand is also continued to be strong. Although the downstream market has turning better to different degrees, the continuous increasing of raw material prices has made the downstream procurement stay cautious. As of now, Daqing Petrochemical 1#A quotes 5300 yuan / ton; Fushun Petrochemical 1#A quotes 5200 yuan / ton; Jinxi Petrochemical 1#B petroleum coke steam 4800 yuan / ton; Dagang Petrochemical 1#A petroleum coke quotes 4800 yuan / ton.

 

Downstream market: In October, the domestic graphite electrode market price appeared to rise continuously. Market: Since September, many domestic places began to double control the energy consumption, and some areas in Shanxi, Henan and Hebei also began to restrict electricity from October. The continuous rise in electrode raw material and graphitization cost at present, coupled with the recent electricity restriction, will lead to a significant weakening of resource input in the later stage, and the bullish sentiment of electrode in the market is high. During the National Day, the ex-factory price of petroleum coke continued to increase across the board. After the festival, the domestic graphite electrode market has seen a comprehensive upward price adjustment, the average increase compared to the pre-holiday period is in 1000-1500 yuan / ton, and the following week. During the festival, Shanxi and other places suffered from heavy rainfall, resulting in a large impect on transportation, the local graphite electrode enterprises production has not been affected, but the local power restrictions, made the tensive domestic graphite electrode market even worse. At present, the graphite electrode factory strongly prefer to hold the selling, according to the replection of many recent bidding steel mills, graphite electrode supply start to tighten again. Due to the continuous rise of raw material prices, graphite electrode production cycle is long, increasing the risk of manufacturers to take goods, and the current mainstream graphite electrode manufacturers' inventory are the previous low-cost products, so they began to hold the selling. Some traders have already stocked goods after hearing the news in the early stage. Some regional electrode machine processing plants also buy a lot of rough products to stock up.

 

Post-market forecast: October raw material prices continue to rise, supply and demand is general performance. And downstream market is cautious to procurement is inevitable. It is expected that the petroleum coke prices rising space is limited, and the downstream market would still wait and see.