In terms of raw materials, the price of coal tar pitch remained stable after rising at a high level this month. Coal needle coke enterprises were shut down for maintenance, and the sales of inventories were transitional. Oil slurry began to rise in the second half of this month. There is still room for pulp prices to grow, and the profit margins of oil needle coke companies will be squeezed again.
In terms of downstream, the graphite electrode market began to ship gradually this month, and the price rebounded. Currently, the mainstream quotation of UHP600mm is 24000-25000 yuan/ton. Graphite electrodes and terminal EAF are mainly consumed inventory, purchasing on demand. The demand for needle coke for graphite electrodes in the short term will not fluctuate wildly. In terms of anode materials, after the price reduction of anode materials at the beginning of this month, the price remained stable, and the orders for anode materials were relatively sufficient. New production capacity and new graphitization production capacity were gradually launched this month, and the supply pressure has been released, but there is still some needle coke in inventory. So the anode material still adopts a cautious purchasing attitude for needle coke, replenishing as needed, and it is expected that there will not be a significant increase in demand in the short term.
Overall, the needle coke market remained stable after falling in September, the downstream demand was relatively plain, and the price of coal-measure raw materials was too high. Coal needle coke enterprises stopped work for maintenance and sold inventory. Oil raw materials are expensive, and oil needle coke enterprises are under pressure. It is expected that the needle coke market will be in a state of stability and small movements in the short term.
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