【Coke Price】Stable Petroleum Coke from Refineries, 

Mixed Performance in Local Refineries

1. Petroleum Coke

Mainstream Deliveries Stable, Mixed Deliveries from Local Refineries

This week, China's petroleum coke prices remain stable overall, with slight adjustments in prices from some refineries. Mainstream coke prices remain stable, averaging 2126 yuan/ton, up 4 yuan/ton from the previous day, while ground refinery prices average 1675 yuan/ton, down 46 yuan/ton from the previous day. Specifically, in the mainstream segment: Sinopec and its subsidiaries maintain stable trading with good deliveries, while some individual refineries under CNOOC have seen slight price increases, with overall good deliveries.

Regarding local refineries: Currently, prices have fluctuated by 10-170 yuan/ton in local refineries, with prices adjusted upwards due to reduced sulfur content in petroleum coke from Fuhai United Petrochemical, and downward due to increased sulfur content from Shengxing Petrochemical, leading to divergent delivery situations among refineries. With the recent reduction in petroleum coke supply, some prices are expected to rise, albeit with moderate downstream demand. Short-term coke prices are expected to stabilize, with some refinery enterprises adjusting prices according to their own circumstances.

2. Calcined Petroleum Coke

Moderate Downstream Demand, Limited Upside in Calcined Petroleum Coke Prices

China's calcined petroleum coke (CPC) prices remain stable, averaging 2802 yuan/ton. With petroleum coke prices adjusting marginally on the cost side, support for calcined petroleum coke prices is moderate. Limited room for upward price movement is seen in low-sulfur calcined petroleum coke prices, with stable deliveries in the market. Many purchases of medium-to-high sulfur calcined petroleum coke are driven by immediate needs, ensuring steady deliveries. However, the lackluster enthusiasm in downstream purchasing weakens support for calcined petroleum coke prices. Anode and cathode enterprises in the aluminum industry are operating steadily, while profit margins for negative electrode materials companies are shrinking, leading to few new transactions in the market. There is an increasing trend of low-priced graphite electrode supply, maintaining a weak and stable overall market operation.

Presently, prices are around 3750 yuan/ton in the Northeast, around 2350 yuan/ton in Shandong, around 2250 yuan/ton in Jiangsu, and around 2250 yuan/ton in the Northwest. Short-term calcined petroleum coke market is expected to remain weak and stable. Contact us for more information on the petroleum coke industry.