【CPC】Downstream Sentiment Remains Cautious, Market Shipments Moderate

On September 20th, the average price of calcined petroleum coke in the market was 3,070 yuan/ton, down 34 yuan/ton, or 1.10%, from the previous working day. Currently, the low-sulfur calcined coke market has moderate shipments. Some calcined coke enterprises using Jinxi and Jinzhou petroleum coke as raw materials have maintained high prices, but the wide decline in raw material prices has weighed on the low-sulfur calcined coke market, leading to a cautious stance among downstream participants. Currently, the market for medium and high sulfur calcined coke is sluggish, with most market participants focusing on fulfilling previous orders. Recent transaction volumes have been low, and downstream demand for delivery is weak, resulting in an overall weak market trend. Prices for some medium and high sulfur calcined coke have decreased slightly by around 50 yuan/ton. Main regional market transaction prices are as follows:

Current Prices:

Low-sulfur calcined coke (using Jinxi and Jinzhou petroleum coke as raw materials): Mainstream transaction prices range from 4,600 to 5,200 yuan/ton. Low-sulfur calcined coke (using Fushun petroleum coke as raw material): Mainstream factory transaction prices range from 5,540 to 5,600 yuan/ton. Low-sulfur calcined coke (using Liaohe and Binzhou Zhonghai petroleum coke as raw materials): Mainstream transaction prices range from 4,200 to 4,760 yuan/ton. Medium and high sulfur calcined coke (no specific elemental requirements): Previous factory contract prices were 2,550 yuan/ton in cash, and current negotiations are in the range of 2,500 to 2,600 yuan/ton in cash. Medium and high sulfur calcined coke (vanadium content 400): Previous contract prices were 3,150 yuan/ton in cash, and current negotiations are in the range of 3,100 to 3,400 yuan/ton in cash.

Supply Situation: Currently, the daily supply of commercial calcined coke in China is 27,015 tons, with a utilization rate of 68.86%. The supply in the calcined coke market is stable compared to the previous day.

In the upstream market, petroleum coke has an average price of 2,207 yuan/ton, down 15 yuan/ton, or 0.68%. Currently, the overall trading in the main refinery petroleum coke market is stabilizing. Local refinery coke shipments are moderate, with some refinery coke prices slightly declining. As coke prices continue to fall, downstream carbon companies are gradually entering the market for procurement.

In the downstream market, graphite electrodes in China are holding steady in price. The enthusiasm of graphite electrode companies for production has been boosted by stocking up for the upcoming holidays, and mainstream graphite electrode companies are maintaining normal production. The overall demand for graphite electrodes from downstream companies has increased slightly, but transaction volumes still need to improve, resulting in a stable overall market.

In the aluminum electrolysis market, the average price is 19,490 yuan/ton, down 20 yuan/ton, or 0.10%. In China, more cities have relaxed purchase restrictions, but it will take time to reflect in economic data. Market optimism has weakened slightly, leading to a decline in spot aluminum prices.

For negative electrode materials, in China's lithium battery negative electrode material market prices remain stable. Currently, the negative electrode material market is running steadily. The growth in sales of new energy vehicles at the end user level is slow, and there is a limited willingness to stockpile. Purchases of negative electrode materials are mainly based on immediate needs.

Downstream demand remains focused on immediate needs, with new order transactions still lacking. It is expected that some low-sulfur calcined coke enterprises will make a slight price reduction of around 100 yuan/ton tomorrow. Downstream enthusiasm for receiving goods is low, and the medium and high sulfur calcined coke market remains subdued in terms of transactions. It is expected that the prices of medium and high sulfur calcined coke will continue to face downward pressure, with some prices decreasing by around 50 yuan/ton. Continue to follow us for the latest reports on the calcined coke market!