Archive for the ‘cathodes’ Category
Protected: Getting to the source – Qingxin Carbon
Friday, May 15th, 2009Weekly market review August 28 2008
Thursday, August 28th, 2008Green coke
The market began to turn down last week, especially for high sulphur cokes. Zhenhai, China’s largest producer of high sulphur coke, dropped their market price by RMB80, while Gaoqiao dropped their price by RMB50. Even low sulphur cokes began to be affected by the turndown, though many list prices are yet to reflect the actual trade prices. Dagang decreased from 3900yuan/ton to 3100yuan/ton, a decrease of 800yuan/ton. Jinzhou and Jinxi petrochemical both went down another 600Yuan/ton, a total decrease of 900yuan/ton each in two weeks. High inventory levels are being blamed for the price reduction.
Calcined coke
The price of low sulphur calcined coke fell 300-500yuan/ton. However, moderate sulphur coke remains stable at RMB3,400 to 3,600.
Anode
The domestic price is continuing relatively stable, with prices remaining in the RMB4,500 to 4,800 range.
Scrapped – Export tax rebate for anodes, cathodes bites the dust
Friday, August 1st, 2008The export rebates available for manufacturers of anodes and cathodes has reportedly been scrapped. Effective August 1st, the 13% rebate will be removed. This is as a result of China’s crackdown on high energy-consuming, polluting products and those which consume scarce resources.
Industry insiders had espected the rebate to survive until 2009. But with the recent shortages of coal in many provinces, and the consequential brown-outs and black-outs occurring, it is no surprise that carbon products came under the microscope.
Given the high cost of raw materials, expect this rebate to be factored back into pricing to its full effect. It was not uncommon for manufacturers to use the rebate as their effective profit margin.