【Needle Coke】October Market Analysis Slight Fluctuation

1. Market Analysis

In September, China domestic needle coke market saw overall subdued trading. At the beginning of the month, influenced by bearish factors, needle coke transactions were sluggish, and the trading atmosphere was moderate. Downstream negative electrode material markets saw increased capacity and steady demand recovery. Negative electrode material production slightly increased, but needle coke consumption did not show a significant rise despite cost reduction efforts. Graphite electrode demand remained weak, resulting in limited procurement of needle coke. In the latter half of the month, downstream market demand improved, leading some companies to raise prices due to raw material costs. The market overall remained cautious. In summary, the needle coke market in September exhibited a generally weak pricing trend, more information about the calcined petcoke... 

2. Supply and Demand

On the supply side, needle coke production decreased slightly this month but continued to face inventory pressure, indicating sufficient supply. On the demand side, increased capacity in the downstream negative electrode material market led to steady demand recovery. Production of negative electrode materials increased slightly, but needle coke consumption did not exhibit significant growth amid cost reduction efforts. Demand for graphite electrodesremained sluggish, resulting in limited procurement of needle coke.

3. Future Outlook

As the traditionally strong months of September and October approach, the needle coke market in October may see some improvement, but pressure on needle coke deliveries remains. Affected by cost-profit considerations, the needle coke market prices in October may experience slight fluctuations. Focus on the carbon industry dynamics and welcome to contact us.