Needle coke is a great kind of raw material to make UHP graphite electrode. It has two types, petroleum needle coke, mainly produced by American manufacturers and coal needle coke by Japanese manufacturers.
Needle coke market
The technology and market of needle coke have always been monopolized by the United States, Japan and other countries. As a result, China has to import about 250,000 tons of needle coke yearly for the production of UHP & HP graphite electrodes.
As China has increased its R&D efforts in high-quality needle coke technology, Shanxi Hongte, Shandong Yida, Shandong Jing Yang, and Jinzhou Petrochemical corporation have reached a scale of more than 50,000 tons per year. They are able to operate stably and continuously improve quality.
Needle coke producers
The global needle coke companies are concentrated in the United States, the United Kingdom, Japan and other countries. The top five companies with needle coke production capacity are ConocoPhillips (UK), ConocoPhillips (USA), Seadrift Coke L.P., JXTG Nippon Oil & Energy Corporation, and Sumitomo Corporation.
Needle coke manufacturers in world
The picture above shows that major foreign needle coke manufacturers and their production capacity, with a total production capacity of more than 100,000 tons/year.
Needle coke manufacturers in china
Needle coke price chart
The price of needle coke will increase in the last month of 2020. The transaction price of imported needle coke and domestic needle coke is expected to increase by 300-600 yuan/ton. The average market price is 5300-7600 yuan/ton.