What drives the price divergence between needle coke and other petroleum coke grades in graphite anode production?
Buyers should watch electricity prices as much as feedstock. Graphitization accounts for nearly half of synthetic graphite costs, with power representing half of that. Producers relocating to low-power regions like Yunnan or developing continuous graphitization furnaces can offset feedstock inflation. Contract strategies should separate index-linked feedstock clauses from fixed conversion fees.
