In the context of the surge in demand, the needle coke market as a whole will maintain a steady upward trend in 2021, and the volume and price of needle coke will perform well. Looking at the needle coke market price in 2021, there has been a certain increase compared with 2020. The average price of domestic coal-based coal is 8600 yuan/ton, the average price of oil-based coal is 9500 yuan/ton, and the average price of imported coal-based coal is US$1,275/ton. The average price is US$1,400/ton.
The global economic inflation triggered by the epidemic has led to a sharp rise in commodity prices, and China’s steel production and prices have reached record highs. In the first half of this year, China’s electric furnace steel output reached 62.78 million tons, a year-on-year increase of 32.84%. The annual output is expected to hit the 120 million mark. Under the influence of this, China’s graphite electrode market showed a rapid recovery trend in the first half of 2021, with an average price rising nearly 40% from the beginning of the year. The increase in market demand brought about by the stabilization of overseas epidemics, and the peak of carbon in 2021 Under the goal, steel, as a highly energy-intensive industry, is facing tremendous pressure for transformation. From the current point of view, electric furnace steel in Europe, the United States, India and other countries account for about 60%, and other Asian countries account for 20-30%. In China, only 10.4%, which is relatively low. It can be seen that China’s electric furnace steelmaking has a large room for growth in the future, and these will provide strong support for the demand for large-scale ultra-high-power graphite electrodes. China’s graphite electrode output is expected in 2021. It will exceed 1.1 million tons, and the demand for needle coke will account for 52%.
In the context of the rapid increase in the global market share of new energy vehicles, domestic and foreign demand has resonated. In 2021, the market volume and price of lithium battery anode materials will rise at a significant growth rate. Even with the combination of dual control of energy consumption and environmental protection in Inner Mongolia, and only 70% of the production capacity in the main production area of anode graphitization was released, the domestic anode material output still increased by 143% year-on-year in the first half of this year. It is estimated that the annual output of anode in 2021 will reach about 750,000 tons, and the demand for needle coke will account for 48%. The demand for needle coke for negative electrode materials continues to show a substantial growth trend.
With the increase in demand, the design capacity of needle coke in the Chinese market is also very large. According to the statistics of Xin Li Information, the total production capacity of needle coke in China will reach 2.18 million tons in 2021, including 1.29 million tons of oil-based production capacity and 890,000 coal-based production capacity. Ton. How will China’s rapidly increasing supply of needle coke affect China’s imported needle coke market and the current pattern of global needle coke supply? What is the price trend of needle coke in 2022?
Post time: Nov-17-2021