acicular coke
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The development of new energy vehicles in our country is progressing rapidly. Pinacol coke, one of the main raw materials for lithium-ion batteries, was in short supply during 2017 and 2018, leading to high prices; this prompted many companies to launch projects for producing pinacol coke； Although production capacity is increasing rapidly, the actual capacity does not exceed the market projections that were made; however, the needle coke market has been in a poor state since 2023, with most coal-based needle coques no longer in operation. Let’s discuss what the main reasons for this are!
The main reasons for the poor performance of the needle coke market are as follows: 1. Excessive investment leading to an oversupply: In 2017 and 2018, there was a demand shortage in the needle coke market, which prompted many companies to launch needle coke production projects, resulting in excessive investment. As production capacity increased, market supply began to exceed demand, leading to fierce competition and falling prices. 2. Transformations in lithium battery technology: Lithium-ion battery technology is continuously evolving, and the emergence of new battery technologies has reduced the demand for needle coke. For example, the development of technologies such as solid-state batteries and sodium-ion batteries has reduced the reliance on lithium-ion batteries and needle coke, leading to a decline in the demand for needle coke. 3. Increasing environmental pressure: As environmental requirements rise, the production of coal-based needle coke faces stricter restrictions. Most coal-based needle coke production requires the use of highly polluting coal, and **increased scrutiny on pollutant emissions along with greater environmental pressure have forced many companies to cease operations as they are unable to meet environmental standards. 4. Changes in the international market: The supply of needle coke in the international market is also increasing, leading to greater competitive pressure. Other **regions have also increased their production capacity to boost the output of needle coke, entering the competitive market in our country and posing greater challenges to our domestic needle coke market. In summary, the main factors contributing to the downturn in the needle coke market are excess supply resulting from over-investment, changes in lithium battery technology, increasing environmental pressures, and heightened competition from international markets. .
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Everyone rushes to install them; the technology is inadequate and the product quality is unstable.
That’s the situation in China at the moment: once a project turns profitable, everyone jumps in to work on it, until it stops being profitable.