SMM June 26 News:
This week, the price of low-sulphur petroleum coke continued to rebound, with an average market price of 3,581 yuan/mt, up 0.9% MoM. Cost side, influenced by unstable factors such as geopolitics, the prices of upstream raw materials showed a slight increase, providing strong support for the market price of low-sulphur petroleum coke. Supply and demand side, as the inventory of raw materials at prebaked anode and anode material producers continued to deplete, procurement demand gradually recovered, effectively improving the market's supply surplus pattern. These factors collectively drove the steady increase in the price of low-sulphur petroleum coke this week. Looking ahead, it is expected that downstream demand will remain stable in the subsequent period, and the demand for low-sulphur petroleum coke from anode material producers will also maintain a steady trend. Therefore, it is anticipated that the price of low-sulphur petroleum coke will continue its upward trend in the short term.
The market price of oil-based green needle coke remained stable. Cost side, influenced by the tense geopolitical situation overseas, the prices of related raw materials showed a slight increase, providing certain support for the market price. Supply and demand side, although some producers successively initiated shutdown maintenance plans, some enterprises resumed production during the same period, keeping the overall market supply scale relatively stable. This dynamic balance kept the price of oil-based green needle coke stable this week. Looking ahead, the market's supply-demand pattern is expected to maintain its current state in the short term, with no significant adjustments expected. It is anticipated that the price of oil-based green needle coke will continue its stable trend in the subsequent period.
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
