【Petroleum Coke】Market Prices Rebound! Overall Trading Remains Steady

On September 11, the average price of petroleum coke was RMB 1,707/ton, up by RMB 4/ton from the previous working day, an increase of 0.23%. Some refineries under CNPC slightly raised their prices, while shipments from independent refineries were average, with some refineries seeing fluctuations in the range of RMB 10-60/ton.

Main Regional Market Transaction Prices

Market Overview

• Sinopec Refineries: Stable pricing and steady shipments;

• CNPC Refineries: Stable pricing and volume; price increase of RMB 20/ton at Dagang Petrochemical Refinery;

• CNOOC Refineries: Huizhou Petrochemical raised prices by RMB 20/ton, and Zhoushan Petrochemical increased prices by RMB 40/ton cumulatively this week;

• Independent Refineries: Overall shipments are average. Some refinery coke prices have dropped by RMB 10-50/ton, but some refineries saw improvements in shipments after prices had previously fallen to low levels. In some cases, due to changes in product specifications, prices were adjusted upward by RMB 10-110/ton.

Supply Situation

As of September 11, there were 13 refinery maintenance stops nationwide, with a daily production of petroleum coke at 88,245 tons and an operating rate of 69.59%, down by 0.31% from the previous day.

Demand Situation

Downstream carbon enterprises for aluminum continue to purchase petroleum coke based on demand; there is no positive news in the anode material market, and trading has weakened, leading to average demand for raw petroleum coke. The graphite electrode market has limited demand, with enterprises fulfilling previous orders and being cautious in their petroleum coke purchases. In the silicon carbide industry and the southern fuel market, demand for high sulfur pellet coke still exists.

Market Outlook

With overall weak downstream performance and ample petroleum coke supply, downstream enterprises remain cautious and continue purchasing based on demand. Petroleum coke prices are expected to remain stable in the short term, with some refineries adjusting prices according to their shipment conditions, in the range of RMB 10-50/ton. Pellet coke prices are expected to hold steady.

(Source: Baiinfo)

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