【CPC】Market Transactions Remain Stable, Sellers Focus on Steady-Priced Shipments

【Calcined Petroleum Coke】Market Transactions Remain Stable, Sellers Focus on Steady-Priced Shipments

Market Overview

On November 11, the average market price of calcined petroleum coke in China stood at 3,842 RMB/ton, unchanged from the previous trading day.
The low-sulfur CPC market remained stable, with minimal raw material price fluctuations. Downstream demand remained weak, leaving CPC producers under shipment pressure, keeping overall transactions steady.
The medium-to-high-sulfur CPC market also remained stable. Although raw petroleum coke prices fluctuated narrowly and downstream demand continued to release, actual purchasing prices fell short of producer expectations. As a result, most medium-to-high-sulfur CPC producers prioritized steady-priced sales.

Regional Market Transaction Prices

Low-Sulfur CPC

Using Jinxi/Jinzhou petroleum coke as raw material: 5,850–6,000 RMB/ton

Using Fushun petroleum coke as raw material: 6,400–6,500 RMB/ton

Using Liaohe/Binzhou CNOOC petroleum coke as raw material: 5,350–6,200 RMB/ton

Medium-to-High-Sulfur CPC

(S 3.0%, no trace element requirement): previously 3,000 RMB/ton (cash, ex-factory); current negotiation price 3,200 RMB/ton

(S 3.5%, no trace element requirement): previously 3,050–3,150 RMB/ton (cash); current negotiation price remains 3,050–3,150 RMB/ton

(S 3.0%, V 400): previously 4,050–4,150 RMB/ton (cash); current negotiation price 4,050–4,150 RMB/ton (ex-factory)

Supply Situation

Today, national commercial CPC daily supply reached 27,764 tons, with an operating rate of 57.14%, unchanged from the previous working day.

Upstream Market

Petroleum Coke:

Sinopec refineries maintained stable prices and continued to execute orders. Along the Yangtze River, demand from anode manufacturers remained strong with smooth shipments.

North China: Shijiazhuang and Yanshan Petrochemical mainly shipped anode coke; Luoyang Petrochemical is expected to restart operations around November 15.

Shandong: Qilu Petrochemical shipping 3C-grade coke.

East China: demand steady; Zhenhai Refining is under maintenance.

Northwest: Tarim Petrochemical mainly supplies outside Xinjiang.

PetroChina refineries: stable prices; northeastern refineries report smooth sales and steady carbon/anode demand with low inventories.

Southwest: Yunnan Petrochemical remains under maintenance.

CNOOC refineries: released more coke for auction; slight price volatility expected—transaction results pending (refer to Baichuan Yingfu for updates).

Downstream Market

Graphite Electrode:
Production pace remains stable. While some producers show stronger price-raising intentions driven by rising upstream costs, weak downstream demand limits transaction volumes. Most deals are negotiated on a case-by-case basis, keeping quotations cautious.

Electrolytic Aluminum:
Domestic spot aluminum prices rose, influenced by overseas market trends and the Ministry of Finance's plan to further stimulate consumption through targeted actions, boosting market confidence.

Anode Materials:
The anode materials market remained temporarily stable.
On the demand side, sustained momentum from the NEV sector and booming energy storage market continue to support steady order growth. Some companies reported full order books and higher operating rates.
However, battery cell manufacturers' price suppression is still strong, limiting immediate price increases in the anode materials market.

Market Outlook

Low-Sulfur CPC: Expected to remain stable; downstream procurement enthusiasm moderate; prices likely to stay flat in the short term.

Medium-to-High-Sulfur CPC: Trading to remain steady; downstream demand stable; prices expected to fluctuate narrowly.

(Source: Baiinfo)

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