The price of lithium anode upstream materials rose rapidly, and needle coke enterprises significantly increased their quotation by 20%
[Securities Times] according to Baichuan Yingfu, the market price of needle coke in China has risen rapidly recently. Following the sharp rise of nearly 6% last week, the quotation of needle coke continued to rise on March 2. The latest quotation has risen to 11198 yuan / ton, up 2.77% from the previous day, a new high since the end of 2019. It is noteworthy that the quotation increase of manufacturers in some regions is greater. According to Xinlu information, Anshan ZHONGTE new material has recently raised the price of needle coke by as much as 20%. The ex factory price of raw coke is 9000 yuan / ton and the price of forged coke is 11500 yuan / ton.
Comments: the construction of needle coke market is generally low, which has a certain support for the price. On the other hand, the downstream negative electrode material and graphite electrode are expected to rise in March, while the price of graphite electrode is still expected to rise in the future, which is good for the needle coke market. In addition, the prices of petroleum coke and calcined coke have risen sharply recently. Some buyers may turn to needle coke, and the shipment of needle coke is expected to increase. Overall, the price of needle coke is expected to rise in the future.
Henan Yicheng New Energy Co.Ltd(300080) ( Henan Yicheng New Energy Co.Ltd(300080) ): Henan Shoucheng science and technology needle coke, a subsidiary of the company, has a production capacity of 40000 tons / year. The company’s production system operates stably and is optimizing product quality and gradually improving the production capacity release rate.
Jiangsu Baichuan High-Tech New Materials Co.Ltd(002455) ( Jiangsu Baichuan High-Tech New Materials Co.Ltd(002455) ): the company’s 50000 ton needle coke project in Ningxia has been put into operation. The coal based needle coke produced by the company can be mainly used to supply downstream enterprises to produce ultra-high-power graphite electrode and lithium battery negative electrode materials, and further supply the downstream electric arc furnace steelmaking industry, new energy vehicle power battery, energy storage battery, consumer battery and other fields.
