Supply Side
Today's national daily supply of commercial calcined coke stands at 26,339 tons, with an operating rate of 55.72%. The supply volume of calcined coke in the market remains stable compared to the previous working day.
Upstream Market
Petroleum coke: Today, Sinopec's refineries maintained stable prices for shipments. In the Yangtze River region, shipments of anode-grade coke were active, with inventory levels generally low. Anqing Petrochemical and Hunan Petrochemical are the main producers of anode-grade coke. In the East China region, high-sulfur coke refineries faced no pressure on shipments. In the South China region, Guangzhou Petrochemical has recently focused on producing 2#B, while Beihai Refinery maintained stable prices for shipments. Maoming Petrochemical's needle coke production is ongoing. Today, refineries under Sinopec in the Northeast region, including Daqing Petrochemical and Fushun Petrochemical, maintained good shipments. Fushun Petrochemical's delayed coking unit is scheduled to shut down for maintenance starting August 20, prompting downstream buyers and traders to actively stockpile. Other refineries maintained stable prices. In the Northwest region, refineries primarily shipped aluminum-grade carbon products. Today, refineries under CNOOC shipped according to orders.
Downstream Market
Graphite Electrodes: The upward price trend for petroleum coke, the raw material for graphite electrodes, is expected to strengthen. Market confidence for price negotiations has increased, and price hikes are being implemented. However, downstream demand remains relatively weak, with limited purchases of graphite electrodes. Actual transactions are scarce, and there is still room for negotiation on mainstream prices. The graphite electrode market is maintaining stable prices while implementing price hikes.
Electrolytic aluminum: According to data from the National Bureau of Statistics, China's GDP grew by 5.3% year-on-year in the first half of this year, and national fixed-asset investment increased by 2.8% year-on-year. The economic data is optimistic, and spot aluminum prices have risen.
Anode Materials: Today, the anode materials market continued its weak and stable trend. From market feedback, the anode materials market currently lacks significant positive news to boost sentiment, and the oversupply situation in the anode materials market remains unchanged. With limited downstream demand release, market competition is intense, and anode materials companies are constantly competing for orders, with actual transaction prices continuing at low levels.
Market Outlook
Low-sulfur coke prices are expected to remain stable in the short term, with increased procurement intent from downstream electrode buyers. Prices for low-sulfur calcined coke are anticipated to fluctuate narrowly. The market for medium-to-high-sulfur calcined coke is expected to operate steadily, with prices for medium-to-high-sulfur calcined coke remaining stable in the short term, as companies prioritize stable pricing for sales.