【CPC】Calcined Coke Carburant Weak Demand, Stable Prices

【CPC】Calcined Coke Carburant Weak Demand, Stable Prices

Market Overview

On May 29, the price of calcined petroleum coke carburant in China remained mostly stable. The market price for domestic calcined coke carburant (S<0.5; A<0.5; VM<0.5; 1-5mm) ranged from 3700-3900 RMB/ton; for calcined coke carburant (S<0.5; A<0.5; mixed coke), the price ranged from 3400-3700 RMB/ton; for 3.0 sulfur sieved products, the price ranged from2200-2400 RMB/ton; and for 3.5 sulfur sieved products, the price ranged from 2000-2250 RMB/ton. These prices are all ex-factory, including tax. The prices of raw materials remained generally stable, and market demand was average. Some enterprises focused on clearing inventory, maintaining stable mainstream prices while adopting a wait-and-see approach. 

 Supply Side

Most enterprises continue to operate normally and produce according to orders, with no significant changes in supply.

Upstream Market

Petroleum Coke: Transactions for petroleum coke under Sinopec's refineries were generally good today, with downstream mainly fulfilling orders. Most refinery petroleum coke inventories remained low. Sales of anode-specific coke in the Yangtze River region were smooth, while sales of medium and high sulfur petroleum coke in East China were satisfactory, with most refineries selling 4#B coke. North China, South China, and Shandong regions continued stable transactions. In Northeast and North China, Sinopec's petroleum coke market remained stable. After price adjustments in East China under CNOOC, orders were mainly executed today, with slight price reductions in South China refineries this week.

Downstream Market

Steel: Steel mills showed average enthusiasm for purchasing calcined coke carburant, resulting in weak demand support.

Market Outlook

With weak downstream demand and generally stable raw material prices, it is expected that the market prices for calcined coke carburant will remain stable, with the price for S<0.5; A<0.5; VM<0.5; 1-5mm ranging from 3700-4000 RMB/ton; for S<0.5; A<0.5; mixed coke from 3400-3700 RMB/ton; for 3.0 sulfur sieved products from 2200-2400 RMB/ton; and for 3.5 sulfur sieved products from 2000-2250 RMB/ton. Contact us for the latest CPC market news!