There is still a chance for low coke price return to the upside

From June 16 to June 27, the overall price of high quality low sulfur coke market remained stable, the downstream firm market demand is strong, high quality low sulfur prteolum coke demand exceeds supply. Daqing Petrochemical entered the maintenance period in July, the overall supply of high quality low sulfur coke resources will reduce the market in July, but ushered in the peak season of lithium anode material market, supply and demand will appear obvious contradiction, high quality low sulfur coke market price focus may rise.

Recently, the price of ordinary low sulfur coke has fallen steadily, mainly because of the decline in the price of electrolytic aluminum downstream, superimposed on the capital pressure of downstream carbon enterprises, downstream enterprises receive goods in poor mood, some refineries cut prices to destock. But the negative material market for ordinary low sulfur coke demand continues to improve, can also do a certain support for ordinary low sulfur coke, is expected in the short term ordinary low sulfur coke price will continue to consolidate operation.

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