The main downstream consumption areas of Chinese petroleum coke products are still concentrated in the pre-baked anode, fuel, carbonator, silicon (including silicon metal and silicon carbide) and graphite electrode, among which the consumption of the pre-baked anode field ranks the top.In recent years, the production profit of electrolytic aluminum market and silicon products continues to be high, and the downstream enterprises are enthusiastic about purchasing and production, which has become the main driving force for the growth of petroleum coke consumption.
Structure chart of Chinese petroleum coke consumption in 2021
In 2021, the downstream consumption field of Chinese petroleum coke is still pre-baked anode, fuel, silicon, carbonizer, graphite electrode and anode materials.
Throughout the whole year, the profit margin of both electrolytic aluminum, silicon metal and silicon carbide have reached a high level, and the enterprises are highly motivated to start construction. However, as a high energy consumption industry, the overall production is greatly affected by power restriction. Although the demand cannot be completely released, the demand for petroleum coke is still growing.
In terms of fuel, under the background of coal shortage, refineries increase self-use, increase purchasing volume and good overall demand; In 2021, glass plants have good profit, high utilization rate and good demand for petroleum coke.Good demand for negative electrode materials also drives the production of carbon-enhancing agents.The demand for silicon electrodes is OK, but the demand for steel graphite electrodes is general.
Domestic calcined coke price trend chart in 2021
In the first half of 2021, the domestic low-sulfur calcination coke price showed a trend of rising first and then falling. In the second half of the year, the demand end support was stable, and the calcination coke price continued to rise.Supported by the raw material prices, the calcined coke prices rose sharply, and the transaction price in the first quarter rose by 2,850 yuan / ton.In the second half of the year, the downstream demand affected by the power restriction and double control policy turned weak, but the negative electrode material market showed good support, the high quality and low sulfur coke price continued to rise, the low sulfur calcination coke price rose accordingly, and the calcination coke transaction price in the fourth quarter rose to the annual high.
In 2021, the domestic medium-high sulfur oil coke price basically showed a unilateral rise, and the price of terminal electrolytic aluminum rose to a historical high within this year. The aluminum carbon market enthusiasm to enter the market was high, and under the support of the demand end, the medium-sulfur calcined coke price basically maintained the upward trend.In early November, due to the periodic decline of the raw material petroleum coke price, the calcined coke price retreated slightly, but the overall price was still higher than the same period last year.
Price chart of domestic medium sulfur coke and pre-baked anode in 2021
In 2021, supported by the sharp rise of the terminal market, the price of pre-baked anode rose to a high level. The average annual price of pre-baked anode was 4,293 yuan / ton, and the average annual price increased by 1,523 yuan / ton or 54.98% compared with that in 2020.
In the first half of the year, domestic pre-baked anode enterprises started steadily, significantly affected by raw material prices.In the second half of the year, the construction decreased due to the influence of double control and power rationing in some regions, but the overall price was still running high, and the demand for medium sulfur coke was stable, and the impact of medium sulfur coke price on the pre-baked anode pricing was enhanced.Terminal electrolytic aluminum enterprises continue to operate at a high price, and the release of new production capacity of aluminum enterprises forms an effective support for the shipment of pre-baked anode market.In December, the pre-baked anode prices fell due to the decline of raw material prices, but for the whole year, the price was significantly higher than that in the same period last year.
The domestic carbonizer price chart in 2021
In 2021, the domestic carbon agent market trading is ok. Driven by the market of raw materials and cathode materials, the price of carbon agent fluctuated in the first half of the year. In the second half of the year, it began to rise significantly with the price of raw materials, and the price of carbon agent also showed a volatile upward trend.
Throughout the whole year, the price of calcined coke carbon increasing agent is led to the shortage of domestic petroleum coke resources in domestic refineries (the centralized maintenance of calcined coke and coal resources are tight).Affected by the cost of raw materials and downstream demand, some graphite carbonizer manufacturers mainly earn the generation processing cost of negative electrode materials, resulting in the increase of Graphite carbonizer is far less than that of raw materials. In the first three quarters, the price was basically stable operation, and the fourth quarter began to demand to drive the price.
Equal thermal thermal coal and petroleum coke price chart in 2021
In the first three quarters of 2021, China’s macro economy continued to recover steadily, and the total electricity consumption increased by 12.9% year on year. Power demand increased rapidly, and poor hydropower output, thermal power generation increased by 11.9% in the first 9 months year on year, and thermal coal demand grew rapidly, which is the main force driving the growth of coal consumption.Under the influence of carbon emission reduction, “double control of energy consumption” and restricting the blind development of the “two high” projects, the production intensity of the steel, building materials and chemical industries gradually decreased, the production growth rate of pig iron, coke, cement and other related products fell, and the coal consumption in the steel and building materials industries fell accordingly.In general, China’s coal consumption in the first three quarters of coal consumption grew rapidly year on year, and the growth rate gradually fell.Since the beginning of this year, China’s coal market supply and demand are generally tight, coal inventory in each link is low, and coal market prices are run high.Under the high price support of the coal market, the domestic and imported high-sulfur fuel coke market shipments formed a positive pull, supporting the oil coke transaction price rose to a high level.In the fourth quarter, as the state began to control and intervene in the coal market, the coal prices fell significantly, the shipments of the high-sulfur coke market slowed down, and the port import of coke and domestic oil coke prices fell accordingly.
In general, in 2021, the demand end procurement enthusiasm is good, and the new downstream production devices have been started. Although the demand is slightly weakened under the influence of the double control, it still forms a strong support for the oil and coke market, and the coke price continues to maintain a high operation.In recent years, the downstream of domestic petroleum coke is mainly concentrated in the field of pre-baked anode and electrolytic aluminum. The aluminum carbon market continues to trade well, the terminal market price is high, the starting load of electrolytic aluminum enterprises is high, and the demand for petroleum coke may continue to increase.
Post time: Jan-13-2022