Chinacarbon news: This week, needle coke market was running steadily. On domestic market front, currently coal-based needle coke producer Hongte Chemical said operation is stable with 4,000 yuan/mt of monthly output, and sales prices maintained at 10,000-10,500 yuan/mt. The head of the company said that sales performance is average right now, and stocks were from last year since production and sales have balanced out this year. As regards petroleum-based needle coke, Jinzhou Oil will resume operation in June.
After the first quarter, most of the graphite electrode enterprises have used up their previous needle coke stocks, thus sending needle coke imports up drastically in April compared to March, and the price for each ton went up as well. Imported needle coke from the US broke the mark of 2,000 US dollar per ton for the first time this year. Increased cost pressure has pushed graphite electrode enterprises to plan to raise the price for many times while these plans didn’t follow through under the dual pressure of raw material weakness and sluggish downstream demand. It is reported that most of the enterprises will not adjust graphite electrode prices anytime soon and the prices will mainly remain stable in the short term.
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