China petroleum needle coke production will be 74.2 K MT in 2023

Author: QYResearch  |   Published Date: 2018-11-12   |   Views: 364

China petroleum needle coke production will be 74.2 K MT in 2023.webp (1).jpg

According to the raw material difference, needle coke is divided into petroleum-based and coal-based. Globally, conocoPhillips is the biggest manufacturer of petroleum-based needle coke and C-Chem is the biggest manufacturer of coal-based needle coke. In China, there are only two petroleum needle coke manufacturers in China, including CNPC Jinzhou Petrochemical and Shandong Yida New Material. Shandong Yida New Material started production since August 8th, 2017. Production base of those two suppliers are separately in Liaoning and Shandong province.

Petroleum needle coke is mainly used in ultra-high power electrode and special carbon materials for steel industry. Ultra-high power electrode is the largest consumption field with consumption amount of 54.3 K MT in 2017. Also, there is no substitute in this application field.

China has huge demand for needle cokes since it is the largest steel producer in the world. During past five years, China import rate was about 50%. China has smaller amount of needle coke enterprises which feature weak technological base and are huddled by the uncertainty of stable production and product quality. During 2012-2017, China needle coke consumption varied from 64.2 K MT in 2012 to 68.8 K MT in 2017. China production varied from 25.2 K MT in 2012 to 54.3 K MT in 2017, with a CAGR of 16.59%.

Price of petroleum needle coke varied greatly during 2012 to 2017. Price decreased from 2608 USD/MT in 2012 to 1000 USD/MT in 2015. Price in 2015 was the lowest during past five years. Since 2016, price increased and 2017 price increase rate is 109%. In the future, we predict that China petroleum needle coke price will continue to increase while increase rate is low.

China petroleum needle coke production will be 74.2 K MT in 2023. Limited by technology, it is no likely that there will be new players enter this market in China. Since Shandong Yida New Material enter this market, China import rate decreased largely, and so does in the future.

The China Petroleum Needle Coke Market Research Report 2018 This report released by QYResearch provides a basic overview of the Petroleum Needle Coke industry, including definition, classification, application and industrial chain structure. Discuss development policies and plans as well as manufacturing processes and cost structures.

The report then focuses on major industry players in China, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the Petroleum Needle Coke industry development trends and marketing channels were analyzed.Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.

Full Report Overview@https://www.qyresearch.com/index/detail/61630/china-petroleum-needle-coke-market

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