[Bullish Outlook for Oil-based Green Needle Coke Market from 7.14-7.18]
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 decline. In terms of supply and demand, there was a slight increase in demand, while some oil-based green needle coke capacity was still in the shutdown and maintenance phase, resulting in relatively tight supply. Under these circumstances, producers of oil-based green needle coke had good sales. Overall, the price of oil-based green needle coke mainly refused to budge on prices. 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 rise slightly.