【Carburant】Fluctuations in Steel Prices: When Will Petroleum Coke Carburant Prices Rise?

Research shows that in Liaoning, petroleum coke carburant (C > 98.5%, S < 0.5%, 1-5mm) is priced at around 3,100-3,400 CNY/ton, while in Tianjin, prices are approximately 2,900-3,100 CNY/ton.

Raw Material Insight: On the 29th, petroleum coke prices remained generally stable, with slight fluctuations at some refineries. The average price of primary petroleum coke was 1,945 CNY/ton, down 5 CNY from the previous trading day, while independent refinery petroleum coke averaged 1,495 CNY/ton, also down 5 CNY.

Supply and Demand: Supply is abundant; domestic petroleum coke carburant production capacity remains stable, ensuring adequate market supply. On one side, domestic delayed coking units are expected to see slight capacity growth, bolstering raw material availability. On the other, existing production and stock levels sufficiently meet current demand. Demand is moderate; weak steel market demand and limited purchasing interest contribute to slow growth in petroleum coke carburant demand.

Overall, in October 2024, the petroleum coke carburant market was characterized by ample supply, moderate demand, stable prices, and strong competition. This trend is expected to continue in the short term, with potential fluctuations as downstream industries evolve and market conditions change.

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