Downstream market demand is weak, and calcined coke prices are under pressure and pushing up
Market Overview:
On January 12, the average market price of calcined petroleum coke was 2,190 yuan/ton, which was stable compared with the previous working day. Trading in the low-sulfur calcined coke market today is fair. Coke prices from some companies have increased as raw materials have risen, and downstream inquiries have increased. However, the purchasing enthusiasm in the downstream graphite electrode market is still average. The replenishment demand of aluminum cathode companies is fair, and the transaction prices of companies have continued. The price goes up 100-200 yuan/ton. The trading volume in the medium-high sulfur calcined coke market was average today. The price of raw material petroleum coke generally rose. However, the price increase of calcined coke lagged far behind that of petroleum coke. The losses of enterprises increased, and the price of some produced medium-sulfur general cargo calcined coke rose again by 100-200 yuan/ Ton.
Upstream market:
Petroleum coke: Coke prices at main refineries remained stable today, and coke prices in some places continued to rise by 10-120 yuan/ton. Downstream carbon companies are stocking up and restocking to support petcoke market prices. However, as coke prices continue to rise, downstream companies' purchasing enthusiasm has weakened.
Downstream market:
Graphite electrodes: Some graphite electrode companies in the market are still focusing on volume, and the actual shipment price is lower than the market price. There is a certain drag on the low-end market price of graphite electrodes. The graphite electrode market is temporarily stable.
Electrolytic aluminum: Domestic CPI data in December rebounded year-on-year. Superimposed on data from the China Automobile Association, my country's automobile production and sales will exceed 30 million units in 2023, and spot aluminum prices rose slightly.
Anode materials: During the week, downstream battery factories continued to urgently need to obtain goods. The demand for stocking up of anode materials before the holiday was not high. The overall order volume of the anode materials market fell, and the operating rate of enterprises was low.