Trading in the domestic calcined coke market is still stable this week, and the low-sulfur calcined coke market is relatively tepid; medium and high-sulfur calcined coke is supported by demand and costs, and prices remain strong this week.
# Low sulfur calcined coke
Trading in the low-sulfur calcined coke market is not tepid, and most companies have reported that shipments are still not ideal, but the market has improved slightly compared to the previous two weeks; in detail, since most of the companies’ production volume has already fallen to the minimum production load in the early stage, The total supply of low-sulfur calcined coke was relatively stable this week; at the same time, raw material prices and sales prices have not been adjusted this week, and the industry still loses overall production; this week, except for a company in Shandong where the price of raw materials fell slightly, other companies have maintained their prices. stable. In terms of market conditions, the shipment of high-end low-sulfur calcined coke with Fushun petroleum coke as raw material is under pressure recently, and shipments of low-sulfur calcined coke with other indicators are acceptable. In terms of price, as of this Thursday, the mainstream ex-factory transaction of low-sulfur calcined coke (Jinxi petroleum coke as raw material) market is 3600-4000 yuan/ton; the mainstream ex-factory transaction of low-sulfur calcined coke (Fushun petroleum coke as raw material) is about 5,000 yuan/ton. , Low-sulfur calcined coke (Liaohe Jinzhou Binzhou CNOOC Petroleum Coke as the raw material) has a mainstream market turnover of 3500-3800 yuan/ton.
# Medium and high sulfur calcined coke
The medium-high-sulfur calcined coke market is still trading. Supported by demand and cost, the price of medium-high-sulfur calcined coke has remained strong this week and has not fallen again; the market details: this week, a company in Hebei completed the furnace maintenance and the daily output increased by about 300 tons ; Shandong Weifang has strict environmental protection inspections, and individual companies have significantly reduced production; companies in other regions have no significant fluctuations in production; in terms of market conditions, the price of general cargo calcined coke dropped slightly by 30-50 yuan/ton last week, and individual companies’ inventories increased and were lower this week The price of coke rose slightly, and the market was at a low level as a whole. In terms of foreign trade, there are two inquiries for export orders this week, and the market quotations are basically the same as those in the domestic market. In terms of prices, as of this Thursday, there is no requirement for trace element calcined coke factory mainstream transactions 2600-2700 yuan / ton; sulfur 3.0%, only required For vanadium less than 450, other unrequired medium-sulfur calcined coke factory mainstream transaction acceptance price is 2800-2950 yuan/ton; all trace elements are required to be within 300 yuan, sulfur content within 2.0% of the factory mainstream calcined coke is about 3200 yuan/ton; Sulfur is 3.0%, and the price of calcined coke for exporting high-end (strict trace elements) indicators needs to be negotiated with the company.
#Supply side
The daily output of low-sulfur calcined coke was basically the same as last week, and most companies have reduced their production load to the minimum.
The output of medium and high sulfur calcined coke increased by about 350 tons this week, mainly due to the completion of a company’s furnace maintenance.
#Demand side
Low-sulfur calcined coke: The overall profit of the graphite electrode market is still insufficient this week, and the price is mainly stable, which is difficult to benefit the low-sulfur calcined coke market;
Medium and high sulfur calcined coke: This week, the demand for medium and high sulfur calcined coke in Northwest China was strong. Due to sulfur 1.5-2.5%, vanadium calcined coke within 400.
#Cost aspect
Petroleum coke market prices were partially lowered. Petroleum coke production fluctuated slightly, with little change on the demand side. The price of sulfur coke in main refineries rose individually, while local refineries were mainly down. Sinopec’s individual high-sulfur coke has been lowered by RMB 50-70/ton, the individual medium-sulfur coke of PetroChina has increased by RMB 50/ton, the price of CNOOC’s coke has been lowered by RMB 50-300/ton, and the price of coke at local refineries has been reduced by RMB 10-130/ton.
# In terms of profit
Low-sulfur calcined coke: The sales price and raw material price of low-sulfur calcined coke remained stable this week, and the profit remained unchanged from last week. The industry’s average loss was about 100 yuan/ton;
Medium and high sulfur calcined coke: This week, the price of medium and high sulfur calcined coke has fallen less than that of raw materials, and the industry loss has decreased, with an average loss of about RMB 40/ton.
#Inventory
Low-sulfur calcined coke: The overall inventory of the low-sulfur calcined coke market is still at a mid-to-high level this week;
The shipment of medium and high sulfur calcined coke is not pressured, and the overall market inventory is low.
Market outlook forecast
Low-sulfur calcined coke: Due to the current production loss in the low-sulfur calcined coke industry, the price will not fall again; and downstream support is still insufficient, and the market’s wait-and-see sentiment still exists. Therefore, Baichuan expects that the price of low-sulfur calcined coke will remain stable next week. .
Medium and high sulfur calcined coke: The price of raw petroleum coke has gradually stabilized this week. Petroleum coke resources with good trace elements are still in short supply. At the same time, there are still many inquiries in the medium and high sulfur calcined coke market. Therefore, Baichuan predicts that the price of medium and high sulfur calcined coke will continue next week. stable.
Post time: Jul-16-2021