【Calcined Petroleum Coke】Price Adjustment and Market Trends

On March 24, the average market price of calcined petroleum coke was 3,460 RMB/ton, down 28 RMB/ton from the previous working day, a decrease of 0.80%. Currently, trading activity in the low-sulfur calcined petroleum coke market has slightly improved. After the price adjustment, market sentiment has stabilized, and some downstream enterprises with low inventory levels have started restocking. The mid-to-high-sulfur calcined petroleum coke market remains stable, with indicator-grade calcined petroleum coke prices holding steady, while the sales volume of standard mid-to-high-sulfur calcined petroleum coke has increased, and some enterprises have slightly raised transaction prices.

Main Regional Market Transaction Prices

Market Prices:

• Low-sulfur calcined petroleum coke (using Jinxi and Jinzhou petroleum coke as raw materials): Mainstream transaction price: 5,400-6,000 RMB/ton.

• Low-sulfur calcined petroleum coke (using Fushun petroleum coke as raw material): Ex-factory mainstream transaction price: 6,500-6,800 RMB/ton.

• Low-sulfur calcined petroleum coke (using Liaohe and Binzhou Zhonghai petroleum coke as raw materials): Mainstream transaction price: 5,000-6,000 RMB/ton.

• Mid-to-high-sulfur calcined petroleum coke (S 3.0%, no specific trace element requirements): Previous ex-factory mainstream contract price: 2,600-2,700 RMB/ton (cash), current negotiation price: 2,600-2,700 RMB/ton (cash).

• Mid-to-high-sulfur calcined petroleum coke (S 3.5%, no specific trace element requirements): Previous ex-factory mainstream contract price: 2,400-2,500 RMB/ton (cash), current negotiation price: 2,400-2,500 RMB/ton (cash).

• Mid-to-high-sulfur calcined petroleum coke (S 3.0%, V 400): Previous contract price: 3,700-4,000 RMB/ton (cash), current negotiation price: 3,700-4,000 RMB/ton (cash).

Supply Situation

The current daily commercial supply of calcined coke nationwide is 26,549 tons, with an operating rate of 58.08%, which remains stable compared to the previous working day.

Upstream Market

Petroleum Coke: Sinopec-affiliated refineries are shipping as needed, with Anqing Petrochemical and Hunan Petrochemical mainly supplying anode materials. Jiujiang Petrochemical is undergoing maintenance, while Wuhan Petrochemical focuses on carbon-grade coke shipments. In South China, Beihai Refining will begin maintenance tomorrow, Maoming Petrochemical uses all its production internally, and Guangzhou Petrochemical has good sales.

PetroChina-affiliated refineries in Northeast China are maintaining stable pricing but are expected to lower listing prices. Northwest refineries mainly supply aluminum carbon products, and Karamay Petrochemical has increased shipments outside Xinjiang.

CNOOC-affiliated refineries are primarily fulfilling existing orders, while Zhoushan Petrochemical will proceed with normal auctions tomorrow.

Downstream Market

Graphite Electrode:The downward trend in raw material prices negatively impacts the graphite electrode market. Combined with weak downstream operations, graphite electrode demand remains subdued. Major enterprises struggle to maintain prices, and under the pressure of low-price competition, actual transaction prices have slightly declined, with businesses offering discounts for high-quality orders.

Electrolytic Aluminum: The overseas market downturn, coupled with bearish sentiment among some buyers, has led to cautious procurement, resulting in a decline in spot aluminum prices.

Anode Materials: The anode materials market remains relatively stable. Market demand is gradually recovering, but due to high industry concentration, orders primarily flow to leading anode material manufacturers. The production status of small and medium-sized enterprises remains largely unchanged, and competition remains intense amid limited demand.

Market Outlook

Low-sulfur calcined coke prices are expected to stabilize following raw material price adjustments. For mid-to-high-sulfur calcined coke, some enterprises may increase prices by 50-100 RMB/ton.

(Source: Baiinfo)

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