Domestic needle coke market prices continue to rise The profitability of the two main companies is expected to improve

According to Baichuan Yingfu, since the beginning of this year, the price of the domestic needle coke market has continued to rise, and the rally in April has shown signs of
accelerating.
Following a sharp rise of 4.
12% on April 1, the domestic needle coke quotation on April 14 rose by 1.
43%, and the latest quotation has risen to 13081 yuan / ton, a new high since the end of 2019, and a year-to-date increase of nearly 30%.

In addition, some needle coke companies raised their quotations by up to 10%
within the month.
At the beginning of April, Jinzhou Petrochemical plans to raise the price of calcined coke by 10% to 13,000-14,000 yuan / ton
.

The analysis pointed out that the supply of needle coke market is favorable, the start of construction is low, and there is a certain time difference between
the products of the suspended enterprises on the market.
The downstream demand side is expected to be good, the procurement of anode materials is not reduced, and the price of graphite electrodes is rising, which is good
for the needle coke market.
From the perspective of market atmosphere, the prices of petroleum coke and calcined coke have risen sharply recently, and some buyers may turn to needle coke
.
The industry believes that due to the strong downstream demand for raw materials and the rise in crude oil prices, the price of needle coke still has room to
rise.

Baichuan Co.
, Ltd.
under the Ningxia company 50,000 tons of needle coke project and annual output of 5,000 tons of graphite anode material (10,000 tons of graphitization) project has been put into operation, downstream customers are mainly carbon and electrode manufacturing enterprises, the company lithium iron phosphate, lithium battery recovery and other projects are under construction
.
Baotailong has formed a complete circular economy industrial chain of coal chemical industry consisting of "raw coal mining and washing, coal coking and gas, nail coal tar extraction needle coke, etc.
, and the company's needle coke output in 2020 is 10,945.
45 tons
.
"