Needle coke prices continue to rise, graphite electrode market price bullish expectations enhanced.

Needle coke prices continue to rise, graphite electrode market price bullish expectations enhanced.

China needle coke prices up 500-1000 yuan. Main positive factors for the market :

First, the market starts to run at a low level, the market supply is reduced, high-quality needle coke resources are tight, and the price is good.

Second, raw material prices continue to rise, boosted by the international crude oil market, oil pulp prices continue to push up, soft asphalt prices high firm, needle coke cost is high surface high.

Third ,The downstream demand does not decrease, the negative material order is sufficient, the market heat does not decrease, coke shipment is good, the graphite electrode price appears 1000-1500 yuan/ton rise, and the future market is still bullish, further positive needle coke price.

Forth ,Needle coke related products, petroleum coke and calcined coke prices significantly pulled up, buyers cautious operation, needle coke pushed up sentiment.

In terms of price, as of February 24, China's needle coke market price range of cooked coke 9500-13000 yuan/ton , Raw coke 7500-8500 yuan/ton, imported oil needle coke mainstream transaction price raw coke 1100-1300 DOLLARS/ton . Cooked coke 2000-2200 USD/ton; Import coal series needle coke mainstream transaction price 1450-1700 USD/ton.

Later market forecast , it is expected that the future price is still expected to rise, on the one hand, the overall low market start, there is some support for the price, on the other hand, the downstream anode materials and graphite electrode start in March is expected to rise, at the same time, the price of graphite electrode is still expected to increase, positive for the needle coke market. In addition, the price of petroleum coke and calcined coke has risen sharply recently. The high price of low sulfur calcined coke has increased to 10000 yuan/ton today, close to the price of some needle coke manufacturers. Therefore, some buyers may turn to needle coke, and the shipment of needle coke is expected to increase.