SMM May 7 News:
This week, after the domestic holiday ended, needle coke remained stable, while petroleum coke saw a slight increase. Cost side, Brent crude oil prices pulled back after the holiday, but the weekly average price still held firmly above $100/barrel, continuing to provide strong cost support for anode raw material coke prices. Supply and demand side, the supply-demand relationship in the needle coke market showed no significant fluctuations, supporting its price stability; as some refineries successively entered maintenance shutdown phases and downstream enterprises' restocking demand at the beginning of the month was gradually released, the supply-demand pattern in the petroleum coke market saw marginal improvement, providing strong support for petroleum coke price recovery overall. Looking ahead, attention should be paid to international crude oil price fluctuations and the pace of downstream demand release. If crude oil prices continue to stay high, coupled with sustained improvement in demand from the downstream anode material industry, anode raw material coke prices are expected to remain firm at highs in the short term.
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
