SMM July 17 News:
This week, the price of low-sulphur petroleum coke remained stable, with an average market price of 3,860 yuan/mt. On the cost side, the price of upstream raw materials dropped back slightly. On the supply side, the supply remained relatively abundant. On the demand side, performance was good, with robust end-use demand driving strong shipments of low-sulphur petroleum coke. Supported by strong demand, the price of low-sulphur petroleum coke remained stable this week. Looking ahead, the cost side is expected to continue to decline, while end-use demand is expected to increase slightly, and shipments are expected to improve. Considering multiple factors, it is anticipated that the price of low-sulphur petroleum coke will remain stable or even refuse to budge on prices in the future.
This week, the market price of oil-based green needle coke remained stable, with an average market price of 5,450 yuan/mt. On the cost side, the price of raw materials showed a slight downward trend. In terms of supply and demand, there was a slight increase in demand, while some oil-based green needle coke capacity was still undergoing maintenance, resulting in relatively tight supply. Under these circumstances, producers of oil-based green needle coke had good shipments. Overall, the price of oil-based green needle coke mainly remained stable or even refused to budge on prices this week. Looking ahead, the supply-demand pattern in the market is expected to remain tight in the short term. Based on this, the price of oil-based green needle coke is likely to increase slightly.
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
