SMM, June 5:
This week, the low-sulphur petroleum coke market remained stable, with an average market price of 3,541 yuan/mt. On the cost side, there were no significant fluctuations in raw material prices. On the supply and demand side, market supply was relatively abundant, while downstream demand lacked growth momentum. As a result, low-sulphur petroleum coke prices continued to decline this week. Looking ahead, the cancellation of mandatory energy storage allocation and the conclusion of the auto show have led to a decline in end-use demand. The production enthusiasm of anode producers may continue to weaken. Therefore, it is expected that low-sulphur petroleum coke prices will continue to be under pressure in the coming period.
The price of oil-based green needle coke fell by 2.2%. Weak downstream demand and still-ample supply led to a price decline this week. Looking ahead, some oil-based green needle coke producers are entering a shutdown and maintenance period, which may improve the oversupply market environment. However, considering that the remaining capacity can still meet downstream demand, it is expected that oil-based green needle coke prices may refuse to budge on prices in the future.
SMM New Energy Research Team
Wang Cong 021-51666838
Ma Rui 021-51595780
Feng Disheng 021-51666714
Lv Yanlin 021-20707875
Zhou Zhicheng 021-51666711
Zhang Haohan 021-51666752
Wang Zihan 021-51666914
Wang Jie 021-51595902
Xu Yang 021-51666760
Xu Mengqi 021-20707868
Hu Xuejie 021-20707858
