​Petroleum coke price continued to fall, negative pole downstream market is less than expected

Mainstream anode materials, natural graphite price in 39,000-42,000 yuan/ton, artificial graphite price in 50,000-60,000 yuan/ton, MCMB price in 60,000-75,000 yuan/ton.

Low sulfur petroleum coke price fluctuated narrowly. The mainstream price remains stable in general. The overall local refining prices continue to decline, and the prices of some refineries with good shipments rose slightly. At present, the production and operation of calcined manufacturers are stable, and some of them began to sign a new round of order contracts. The transaction price is adjusted with the raw material market. Medium and low sulfur oil slurry price is temporarily stabilized at 5000-5150 yuan/ton, and coal tar pitch price is temporarily stabilized at 7900-8050 yuan/ton. Needle coke raw materials' price is currently stable, coal based raw materials' price remain high, and the weak price of petroleum-based raw materials is beneficial to needle coke production to a certain extent, but the by-products' prices have dropped sharply, and the profit of petroleum-based enterprises is low.

The downstream market demand for anode materials is lower than expected, and the overall performance of the new energy vehicle industry is relatively flat. Procurement is mainly based on rigid demand, and the replenishment of inventory is cautious. As the Spring Festival approaches, some anode manufacturers mainly focus on the clearance of low-end products, and the shipment has increased to a certain extent. For more guidance on petroleum coke market analysis, please follow us.