【Petroleum Coke】Significant Increase! Prices Surge Noticeably!

Market Overview

On October 17th, the average market price of petroleum coke reached 1,744 yuan/ton, up by 22 yuan/ton from the previous working day, marking a 1.28% increase. Currently, medium- and high-sulfur markets are trending upward, with active trading. Most Sinopec refineries have followed with price increases, driven by a positive atmosphere in the low-sulfur market, leading to strong price expectations. Local refineries mostly maintain stable pricing, with slight fluctuations in some areas.

Main Regional Market Transaction Prices

Sinopec refineries continue to raise prices, with increases of 50-120 yuan/ton for anode-grade coke and 30-120 yuan/ton for carbon-grade coke. This round of price hikes is mainly supported by strong demand for low-sulfur coke, with downstream purchasing enthusiasm remaining high. Specifically, in the Yangtze River region, Jiujang Petrochemical raised prices by 50 yuan/ton, Wuhan Petrochemical and Anqing Petrochemical by 100 yuan/ton, Hunan Petrochemical by 120 yuan/ton, and Jingmen Petrochemical by 70 yuan/ton. In East China, Jinling Petrochemical increased its 3# coke price by 30 yuan/ton. In South China, Guangzhou Petrochemical raised prices by 30-100 yuan/ton, while 4#B prices fell by 20 yuan/ton, and Beihai Refinery increased prices by 50 yuan/ton. In North China, Yanshan Petrochemical, Qilu Petrochemical, Jinan Refinery, and Qingdao Petrochemical raised carbon-grade coke prices by 30 yuan/ton each. PetroChina's refineries continue to see steady sales, with low inventories in the Northeast leading to increased price expectations for low-sulfur coke. In the Northwest, prices remain stable, with demand from aluminum carbon materials maintaining just-in-time purchasing, while silicon market demand has weakened. Refineries under CNOOC are mainly fulfilling existing orders.

Local Refineries

Local refinery prices for petroleum coke remain stable overall, with slight fluctuations in some cases. Current downstream aluminum carbon materials maintain just-in-time purchases, supporting price increases of 10-120 yuan/ton for certain lower-priced petroleum coke. However, sales of some high-sulfur general-grade petroleum coke remain under pressure, with prices continuing to decline by 20-30 yuan/ton. At present, the sulfur content in the second phase of Panjin Bora Petroleum Coke has decreased to around 2.4%.

Imports

Port sales of low-sulfur sponge coke remain strong due to tight market supply, driving prices upward. Demand in the downstream aluminum market remains stable, supporting reasonable sales of port sponge coke with specific indicators.

Supply

As of October 17th, there are 10 coking units under routine maintenance nationwide. Daily production of petroleum coke stands at 88,865 tons, with a coking operating rate of 70.07%, remaining stable compared to the previous working day.

Demand

Downstream demand from aluminum carbon materials remains steady, supporting the petroleum coke market. Anode material manufacturers have shown active purchasing, while demand for anode-grade coke is robust. The graphite electrode market, however, continues to experience weak demand, with most companies holding fewer orders and maintaining low production levels, leading to cautious raw material purchasing. Demand for high-sulfur shot coke from the silicon carbide industry and the southern fuel market remains present.

Market Forecast

The overall trading atmosphere in the petroleum coke market remains favorable, supported by just-in-time downstream purchases. It predicts that the petroleum coke market prices will remain stable tomorrow, with some refineries experiencing fluctuations ranging from 10-50 yuan/ton. Shot coke prices expect to remain steady in the near term.

(Source: Baiinfo)

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