【Petroleum Coke】Prices Surge, Some Refineries See Increases Exceeding ¥1,000

Coke prices continue to rise, with some steel mills seeing price increases exceeding 1,000 yuan.

The petroleum coke market remains highly active. The average price of major petroleum coke products reached ¥3,273/ton, an increase of ¥113/ton from the previous trading day. Sinopec refineries in North China raised prices by ¥150-600/ton, while negative electrode-grade coke shipments along the Yangtze River remained smooth. PetroChina refineries saw active trading, with Dagang Petrochemical increasing its coke price by ¥1,000/ton and Binzhou Zhonghai Asphalt raising prices significantly by ¥1,800/ton. Other refineries primarily focused on fulfilling existing orders.

Today, independent refinery petroleum coke prices increased across the board by ¥30-500/ton, except for Wanda Tianhong and Shengxing Petrochemical, which made downward adjustments. The average petroleum coke price stood at ¥2,496/ton, up ¥124/ton from the previous trading day.

With a tight supply and solid downstream demand, refinery petroleum coke prices are expected to remain on an upward trend in the short term. However, individual refineries may adjust prices flexibly based on their specific conditions.

China Petroleum Coke Price Update

Wide Price Increases for Low-Sulfur Calcined Coke, Slower Sales Pace

The average price of low-sulfur calcined petroleum coke surged to ¥5,723/ton, up ¥773/ton from the previous trading day. Market acceptance of the price hike was moderate, and sales proceeded at a relatively steady pace. Meanwhile, medium- and high-sulfur calcined coke prices remained stable at ¥2,524/ton, with active trading.

Rising raw petroleum coke prices continue to provide cost support for the calcined petroleum coke market. On the demand side, aluminum carbon products maintain rigid procurement needs, while steel carbon materials remain sluggish. The graphite electrode market is operating steadily, with most enterprises fulfilling existing orders. However, demand from the negative electrode materials sector remains weak, and new orders have not shown significant improvement, providing limited support for the calcined petroleum coke market overall.

In the short term, the calcined petroleum coke market is expected to remain stable, with some enterprises adjusting prices flexibly in response to market pressure.

China Calcined Petroleum Coke Price Update

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