During the Spring Festival, the overall operation of the needle coke market is relatively stable. After the holiday, needle coke enterprises shipped goods according to previous orders, and various needle coke plants began to prepare to negotiate new orders with downstream enterprises.
In terms of production, a number of mainstream needle coke enterprises have maintenance plans from March to April, and new needle coke production capacity will be put into operation in March.
In terms of raw materials, the price of raw material low-sulfur oil slurry continued to rise before and after the Spring Festival, the cost pressure of oil-based needle coke enterprises was greater, some enterprises suffered losses, the market price of coal asphalt continued to rebound, and coal-based needle coke enterprises had no willingness to start.
On the whole, the price of needle coke raw materials continued to rise after the holiday, supporting the price of needle coke, many mainstream needle coke enterprises plan to stop work for maintenance, the supply of needle coke is declining, the overall downstream demand is currently relatively stable, needle coke enterprises have a strong willingness to increase prices, and it is expected that the price of needle coke may rise at the end of February or early March.
Post time: Feb-27-2024