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This week, the low-sulfur petroleum coke market of the main refinery maintained a stable transition operation as a whole, and the local refining market remained stable, and some coke prices occasionally rose and fell, but the magnitude was not large. Affected by rain and snow weather factors, logistics and transportation in some areas have been blocked, and refinery shipments are slightly difficult. During the Spring Festival, most of the refineries were normal production and sales, and the rise in coke prices in the early stage was mainly due to the allocation of resources in the region of PetroChina, and the Northeast region was slightly reduced and increased in the short term. The terminal new energy vehicle market is weak, the orders for anode materials are small, and the demand for petroleum coke is insufficient. In February, it is expected that there will be some small orders in the negative electrode market, or there will be a slight increase in the demand for low-sulfur coke. In the short term, there is still some room for improvement in the ** of low sulfur coke, but in the long run, the price of coke will not fluctuate too much.
Calcined and charred
This week, the price of low-sulfur calcined coke in Northeast China was 3,900 yuan, which was stable compared with last week. The purchase and sale of calcined coke market is nearing the end, the coke price is running smoothly, most of the calcined coke plants are in normal production during the festival, and downstream enterprises are mainly undertaking early orders, and some enterprises have completed orders in February, and the market has not fluctuated much before the holiday. However, during the Spring Festival, logistics is tight, and the actual shipment may be interrupted during the Spring Festival. At present, the supply capacity of the anode material market far exceeds the current market demand, and the calcined coke market is running smoothly in the short term.
Needle coke
This week, the needle coke market was stable, with 5,000 yuan of oil-based needle coke and 7,500 yuan of calcined coke; Coal measure needle coke raw coke ** 5000 yuan ton, calcined coke ** 7500 yuan ton; The profit margin of coal-based needle coke continues to narrow, oil-based needle coke is mainly shipped in rigid demand, the demand for anode materials is weak, the production enthusiasm is not high, the operating rate of electric arc furnace steel mills continues to decline significantly, and the graphite electrode market lacks good support, and the demand for needle coke is limited.
Coated with asphalt
Under the situation of intensified market competition, in order to seize market share, some companies have reduced their prices, and the overall profit side has been significantly compressed. It is expected that the subsequent coated asphalt market will remain weak.
Natural graphite anode
This week, the natural graphite market was running weakly and steadily. At present, it is the traditional shutdown period of the graphite industry, the production in the northern region is restricted, the main producing areas of Heilongjiang, Jixi and so on at the end of March began to resume normal production, and the flotation line in Luobei area due to different environmental protection acceptance, only in May to start commissioning, to the end of June, the production capacity basically returned to normal. With the Spring Festival holiday coming, the natural graphite market continues to be sluggish, and the trading is light. The market as a whole is running weakly, and it is in a state of low consolidation.
Artificial graphite anode
The negative electrode market continues to operate under pressure, and the overall orders are down, and some companies said that they will carry out production line maintenance to maintain basic production during the Spring Festival, and individual small enterprises have production suspension and maintenance plans. It is expected that some small orders will increase in February, and the procurement and stocking of raw materials for anode materials will also increase. The graphitization market remained light, and the operating rate dropped to about 30%. Most of the head manufacturers are self-produced and self-sold, the volume of outsourcing is gradually decreasing, and the downstream demand continues to be sluggish.
1.7 Putailai's latest negative electrode research minutes
Since 2023, due to the sufficient supply of production capacity and the entry of downstream battery customers into the stage of destocking, the supply and demand environment has been temporarily unbalanced, and the industry is generally facing downward pressure on capacity consumption and **, and the company has made a provision of 4. in the first three quarters of 2023The provision for the decline in the price of 800 million inventories is mainly concentrated in the anode material sector. The company also expects that in the fourth quarter of 2023, there will still be an impairment provision for some anode inventory, but it should be significantly reduced compared with the third quarter, and considering that the industry level of anode materials has also been relatively stable, the impairment risk of inventory has been basically eliminated.
This article is excerpted from the 53rd issue of Shanghai Ganglian 2023 Anode Raw Materials and Materials Weekly Report For more details, please click **Weekly Report: MySteel Anode Raw Materials and Materials Industry Chain Weekly Report (20240209) Disclaimer: MySteel strives to use accurate information, objective and fair content and opinions described in the information, but does not guarantee whether it needs to be changed. The information provided by MySteel is for the customer's decision-making reference only, and does not constitute a direct recommendation for the customer's decision-making, and the customer should not replace its own independent judgment, and any decision made by the customer has nothing to do with mysteel. The copyright of this report belongs to mysteel, without permission, prohibited**, violators will be prosecuted.