Review of China's New Carbon Materials Market (6.1-6.6)

Petroleum coke market            
Last week (6.1-6.6), the price of China's petroleum coke market fell in a narrow range. The price range of low sulfur coke is 3300-3700 yuan/ton, the price range of medium sulfur coke is 2450-3230 yuan/ton, and the price range of high sulfur coke is 1040-1961 yuan/ton.      
At the beginning of the month, the main refineries adjusted their prices. The price of low-sulfur coke of PetroChina was mainly lowered, with a range of 50-150 yuan/ton, and the new round of transaction price of low-sulfur coke of CNOOC fell by about 100 yuan/ton; The price of medium and high sulfur coke in Sinopec generally declined, with a decline of 50-260 yuan/ton. In terms of refining, the price of petroleum coke is mostly adjusted according to the index. It is expected that the production and sales of petroleum coke will be balanced in the current period, and the port inventory will still be in the stage of accumulation.
         
Calcined coke market            
Last week (6.1-6.6), the domestic calcined coke market price remained stable. At present, the downstream demand and procurement enthusiasm is relatively stable, the low-sulfur calcination market is tepid, and the trading of the medium and high sulfur market is relatively stable.      
Specifically, the price of calcined coke in this period remained stable, and the trading on the market was still average. This month, the pricing of the prebaked anode market is stable, and the current terminal electrolytic aluminum is in the wet season, and the operating load is more than 98%, which is good for the shipment of the anode market and the demand for calcined coke is relatively stable. The production and sales of anode materials in the market are relatively active, and the starting load of the head enterprises is acceptable, but it mainly consumes the inventory in the early stage, and the good support is limited. The performance of the steel carbon market continues to be poor, the procurement enthusiasm is average, and the price support is limited.

Coal asphalt market            
Last week (6.1-6.6), China's coal asphalt market was deadlocked, and the overall decline is expected to be dominant.      
Entering this week, the auction price of raw material high-temperature coal tar declined, the cost of the new single price of coal asphalt was dragged down, and the downstream enterprises entered the market to reduce the price sentiment of heating up, the main producing areas (Shandong, Shanxi, Hebei, Henan) deep processing enterprises have limited room for profit, the supply and demand sides negotiate the game, the actual single price has not yet landed, and the northwest region of Ningxia Inner Mongolia and Xinjiang enterprises are also affected by the decline in raw material prices, while the operating load of deep processing enterprises is at a high level, the pressure on coal asphalt shipments increases, and the short-term market negotiation is expected to decline. The northwest and northeast regions mainly deliver a new round of orders.      
Based on the above situation, under the influence of negative factors in the coal asphalt market, the market is weakly adjusted.

Needle coke market            
Last week (6.1-6.6), the market price of needle coke in China fell slightly, and the support of raw material prices was weak. 5000-6300 yuan/ton of green coke, 7500-8600 yuan/ton of cooked coke; The mainstream transaction price of imported oil-based needle coke is US$600-1300/ton for green coke, US$800-1350/ton for cooked coke, and US$820-860/ton for imported coal-based needle coke.      
The demand for anode materials in the cycle is less than expected, some anode companies slightly reduce production, and most companies give priority to digesting raw material inventory, and the demand for raw material procurement is light. The profits of the electric arc furnace steel mills downstream of the graphite electrode are not good, the actual demand is just in need of support, and the demand for needle coke is weak. The price of low-sulfur petroleum coke (LPC) of needle coke raw materials and related products has declined.
Under the influence of multiple bearishness, the price of needle coke fell slightly. It is expected that the production and sales of needle coke will remain relatively balanced in the next period, and the price will be weak and stable.
          
Graphite electrode market            
Last week (6.1-6.6), China's graphite electrode market price was stable. The ultra-high power is 14000-18000 yuan/ton, the high power is 13500-14000 yuan/ton, and the ordinary power is 12500-13300 yuan/ton. The production profit of electric arc furnace steel mills is low, the production enthusiasm is average, the demand for graphite electrodes is light, and the superimposed cost support is insufficient, and the price of graphite electrodes is still at risk of falling. Raw material procurement is cautious and just needed.  
        
The market for carburizers            
Last week (6.1-6.6), China's carburizer market still maintained a stable oversupply situation, the performance of the carburizer market was poor, the downstream procurement enthusiasm was average, and there was still price reduction behavior, and the cost factor led to the confusion of enterprise market quotations. The weak raw materials are mainly superimposed on the possibility of a decline in the operating load of downstream steel mills, and the market support of carburizers is average.      
The market price of calcined coal carburizer declined weakly. C>90 in Ningxia is quoted at 1220-1450 yuan/ton; C>92 offers 1300-1550 yuan/ton; C>93 offers 1380-1600 yuan/ton. The support of the raw material side is weak, the downstream demand is limited, and the competitive pressure between enterprises is obvious.      
Due to the poor market, the company has reduced the load to varying degrees, in order to avoid inventory backlog, and let profits ship. The price support of the raw material end is insufficient, the downstream demand is limited, and the suppression price is obvious, and it is expected that the transaction price of the general calcined coal carburizer is weak and difficult to change.