Needle coke mainly finds application in graphite electrode for electric steelmaking and in areas of lithium battery, nuclear power, aerospace, etc. Since 2009, the global demand for needle coke has shoot up in the wake of the gradual recovery in the industrial downstream. During the same period, the world’s industrial magnates have taken no actions to expand their capacities in a massive scale, out of consideration for holding precedence in prices, leading to lingeringly strained supply all over the world with the supply-demand gap in 2012 hitting 100,000 tons. In particular, China was the most distinctive with the short supply gapping 120,000 tons among the world’s leading needle coke consumers.
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As the largest steel producer in the world, China has been maintaining huge demand for needle cokes. Moreover, ultra-high power graphite electrode is occupying increasing proportion as a result of continuously optimizing product structure in the graphite electrode industry, which, in turn, further fuels the demand for needle cokes. At the same time, 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.
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