Market report October 12
Monday, October 13th, 2008Green coke
At the end of September, the domestic Green coke inventory level was very high, and many refineries had “before Vacation promotion”, in order to sell more products. But it didn`t work out, and the downstream companies are now waiting to see how far this price cutting can go. The first 12 days of October therefore have seen prices continue to tumble as inventory levels have risen.
From 26th Sept to 10th Oct:
Low Sulphur Green Coke:
1#A has dropped 450RMB/Ton to 2600-2700RMB/Ton;
1#B dropped 420-780RMB/Ton to 2050-2600RMB/Ton.
Moderate sulphur green coke:
2#-3#A North of China and Shandong dropped 200RMB/Ton to 2200-2600RMB/Ton;
along Yangzi river region prices dropped 250-270RMB/Ton to 2000-2220RMB/Ton;
Shandong local refinery lowered down the most, dropping 400RMB to 1600-2300rmb/Ton;
3#B dropped 50-100RMB/Ton to 1850-2100RMB/Ton.
High sulphur green coke price dropped 550-200 RMB/Ton to 1050-1650RMB/Ton in last two weeks.
Calcined coke
At present, those Calciners who cut back during Olympic Games have increased their output, requiring more green coke, but because of the situation in the domestic aluminum market, there is still pressure on Carbon products market price.
Due to the price dropping for green coke, low sulphur calcined coke price went down as well. The price of Low sulphur calcined coke dropped 800-900RMB/Ton in last two weeks to 3900-4100RMB/Ton. Many factories started to cut back. Dongbei Linhaiziguang Carbon Factory stopped producing.
Moderate Sulphur coke price slipped a bit to 3150-3250RMB/Ton from 3150-3350RMB/Ton;
High sulphur calcined coke dropped 200-250RMB/Ton to 2450-2650RMB/Ton.
Anode
In line with the falling demand of aluminum smelters, in the last two weeks anode prices dropped 100RMB/Ton 4300-4500RMB/Ton. Due to the aluminum market weakness, the market demand of anode is decreasing while the inventory level is rising. Some factories have now stopped producing, such as Hengyu Carbon and Xinghua Carbon. Qingyang Yellow River Carbon, Huihao shiye and Changhong Carbon cut back by varying amounts, as have Shandong Zibo Lianxin, Fengyuan Carbon, Qianhao Carbon and Hongchang Carbon.
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