Calcined petroleum coke, with its high carbon content, low sulfur, and low impurities, plays a vital role in modern manufacturing, especially in the aluminum and steel industries.

【Petroleum Coke】The market is showing a stable-to-strong trend, with downstream purchasing sentiment recovering

On January 4, China's mainstream petroleum coke 2#B index was 3,590.0; the 3#B price index was 3,226.67; the high-sulfur coke market index was 1,780; the 1# price index was 4,358.0, up 13 from the previous day; and the 2# price index was 4,083.5.

China's Mainstream Regional Petroleum Coke Prices

During the New Year holiday period, the petroleum coke market showed a stable-to-strong trend. Today, transaction activity in China's petroleum coke market was acceptable, with mainstream coke prices holding steady and some prices moving higher. Downstream buying sentiment was positive, and refinery prices showed both increases and decreases. In the Shandong region, the market operated steadily, with independent refineries actively shipping volumes and trading activity remaining relatively positive. In East China, shipment performance was average, downstream purchasing sentiment was cautious, high-sulfur coke transactions and shipments slowed, and a wait-and-see atmosphere intensified. In Northeast China, coke prices were stable, downstream purchasing sentiment recovered, and refineries actively concluded sales and shipped cargoes.

Market Outlook

Recently, trading in the independent refinery market has been acceptable, with transaction prices rising more than falling. At present, the supply side remains ample: domestic refinery supply is relatively stable, imported petroleum coke has been arriving at ports in large volumes recently, port cargo clearance is lower than inbound volumes, and spot inventories continue to increase. On the demand side, downstream purchasing is mainly based on rigid demand; trading in the aluminum carbon materials market is relatively active, providing decent support for petroleum coke shipments; demand from the electrolytic aluminum sector remains stable, maintaining rigid demand for petroleum coke. It is expected that the petroleum coke market will remain stable with a slightly stronger tone in the short term. Going forward, attention should be paid to on-site unit operations and the follow-up of downstream demand.

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