Industry News
The upward trend of petroleum coke prices continues Since December, the petroleum coke market has continued to show an upward trend. As the market supply and demand changes, supply tightens and demand increases, driving up the price of petroleum coke. As of mid-December, the average price of domestic petroleum coke has increased significantly compared with the end of November.
New energy electric vehicle market demand is strong
The booming new energy electric vehicle market has created a huge demand for petroleum coke. With the car companies to increase export orders in advance, the downstream battery factory procurement mentality is better, resulting in the negative material market off-season demand hot. This also further promoted the rise of the petroleum coke market.
Impact of Environmental Protection Policy on Petroleum Coke Production
The tightening of environmental protection policies has had a certain impact on the production and use of petroleum coke. On the one hand, the strengthening of environmental protection regulations has restricted the production of some petroleum coke; on the other hand, the improvement of environmental awareness has also promoted the improvement and upgrading of petroleum coke production technology to meet more stringent environmental protection requirements.
Petroleum coke imports increase but remain low
Although the import volume of petroleum coke has increased recently, it is still low overall. Traders are reluctant to sell strongly, which further exacerbates the tension in the petroleum coke market.
Industry Analysis
supply and demand relationship analysis
The current petroleum coke market is in short supply. On the supply side, the supply of domestic petroleum coke remained stable, but the main group's operating load decreased, resulting in a decrease in petroleum coke supply resources. In terms of imports, although the volume of imports has increased, it is still insufficient to meet market demand on the whole. On the demand side, the downstream electrolytic aluminum market maintained stable production and guaranteed stable procurement for the pre-baked anode market. At the same time, the vigorous development of the new energy electric vehicle market has also promoted the increase in demand for the anode material market, which in turn has led to the rise of the petroleum coke market.
Price trend prediction
Judging from the current market trend, the price of petroleum coke is expected to continue to rise. On the one hand, the situation of tightening supply and increasing demand will continue to exist; on the other hand, the vigorous development of the new energy electric vehicle market will continue to promote the increase of demand in the anode material market. Therefore, it is expected that the price of petroleum coke will continue to maintain the upward trend in the future. However, it should be noted that there are also certain uncertain factors in the market, such as the adjustment of environmental protection policies and the fluctuation of international crude oil prices, which may have a certain impact on the price of petroleum coke.
Industry development trend
With the continuous development of new energy technology and the tightening of environmental protection policies, the new energy petroleum coke industry will usher in more opportunities and challenges. On the one hand, the vigorous development of the new energy market will promote the increase of petroleum coke demand; on the other hand, the tightening of environmental protection policies will also promote the improvement and upgrading of petroleum coke production technology. Therefore, the new energy petroleum coke industry will show a more diversified and specialized development trend.
In summary, the new energy petroleum coke industry is currently showing a market situation of rising prices and tight supply and demand. In the future, with the vigorous development of the new energy market and the tightening of environmental protection policies, the industry will usher in more opportunities and challenges. Investors and operators need to pay close attention to market dynamics and changes in multiple factors to respond to future market changes.
Post time: Dec-23-2024