The market for calcined coke remained stable with steady trading activity and prices holding steady.

Entering December, domestic calcined coke prices remained largely stable overall. While lacking strong momentum for significant upward movement, the market still enjoyed certain support.

On the supply side, raw material petroleum coke is expected to remain at elevated levels, supported by refinery winter maintenance and crude oil prices. Mainstream calcination enterprises maintained high production enthusiasm to fulfill annual production plans and order deliveries, ensuring overall adequate market supply. However, structurally tight conditions persist for low-sulfur, high-quality coke resources.

Demand has become the primary market support factor. Some carbon enterprises are stockpiling raw materials ahead of the Spring Festival holiday, further boosting procurement demand for January.

Overall, high production costs and steady demand jointly form the price floor support for the calcined coke market. However, ample supply of standard-grade resources will continue to limit upward price potential. Mainstream calcined coke prices are expected to remain stable in January.