【Petroleum Coke】Prices Hold Steady, Partial Increase Observed

Market Overview:

During this period, China's petroleum coke prices remained stable overall, with some refinery petroleum coke prices showing minor increases. Mainstream refineries under Sinopec saw slight increases in petroleum coke prices, with overall shipments remaining decent. Graphitized petroleum coke (GPC) has a wide range of industrial applications, learn more...，Sinopec's stable production and sales situation led to individual refineries adjusting petroleum coke prices in response to market demand. 

In the regional refinery market, downstream enterprises primarily focused on replenishing inventory, displaying increased purchasing activity. Some refineries adjusted petroleum coke prices based on shipment conditions. The low-sulfur petroleum coke market had a relatively subdued trading atmosphere, as overall production recovery in downstream markets was slow, resulting in no significant increase in demand for low-sulfur petroleum coke. Trading for medium to high sulfur petroleum coke remained active, driven mainly by essential procurement needs. Prices for low-sulfur petroleum coke ranged from 2800 to 3390 yuan/ton, while medium-sulfur petroleum coke ranged from 1540 to 2890 yuan/ton, and high-sulfur petroleum coke ranged from 1110 to 2420 yuan/ton.

It is expected that the domestic petroleum coke market will remain stable next week, with petroleum coke prices holding steady, and some refineries making minor adjustments based on their own circumstances.

Factors Analysis:

This week, the operating rate of delayed coking units in China was 69.71%, down by 0.33% compared to the previous week. The total output of domestic refineries this week was 588,200 tons, a decrease of 2,800 tons compared to the previous week. The output of local refineries in China this week was 266,600 tons, a decrease of 3,500 tons compared to the previous week. Sinopec's output was 190,700 tons, PetroChina's output was 98,700 tons, and CNOOC's output was 32,200 tons, which remained stable overall, with slight increases of 0.05% and 0.02% compared to the previous week, respectively. The theoretical processing profit of delayed coking units in China this week was 452.07 yuan/ton, an increase of 7.71% compared to the previous week. The total inventory of domestic ports this week was 4.888 million tons, an increase of 59,200 tons compared to the previous week. For more information on Chinese petroleum coke production capacity, feel free to contact us.