【Petroleum Coke】Latest Market Update: Petroleum Coke Prices Continue to Rise, ...

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】Latest Market Update: Petroleum Coke Prices Continue to Rise, calcined petroleum coke Market Trading Remains Stable

Petroleum coke market shows solid trading performance

Mainstream refineries are executing orders with stable pricing and shipments, while local refineries are actively shipping, with rising coke prices dominating the market.

Domestic coke: Sinopec refineries maintain stable pricing for external sales, with steady demand support for anode-grade coke in the Yangtze River region, and overall production and sales remaining balanced. PetroChina refineries are implementing previously set pricing, supported by downstream demand in Northeast China, keeping prices firm, while shipments in Northwest China remain stable. CNOOC petroleum coke prices are temporarily stable with orderly shipments. Local refineries continue to see improved shipments, supporting further increases in coke prices, with increases ranging from 20–215 RMB/ton. Only a few refineries have reduced prices by 30 RMB/ton to stimulate sales. Jiangsu Xinhai Petrochemical has suspended quotations starting today.

Imported coke: Market transaction sentiment has improved, port inventory is moving faster, low-sulfur imported coke shows strong price support sentiment, while high-sulfur shot coke shipments are favorable, with prices continuing a slight upward trend.

Demand side: Downstream rigid demand procurement is driving the market, coupled with positive sentiment support, leading to an active inquiry atmosphere. Traditional carbon markets maintain stable operating rates, while the anode material sector shows strong production enthusiasm, providing solid support for petroleum coke shipments.

Shandong local refineries' low-sulfur coke market shows acceptable shipments, with prices remaining stable. Supported by rigid downstream demand, prices are mainly firm. Transaction prices for medium- and high-sulfur coke are rising steadily. It is expected that coke prices may continue to increase over the weekend, though at a slower pace. 

Overview of the calcined petroleum coke market

Recently, China's calcined petroleum coke prices have remained mainly stable, with the average price at 3,580 RMB/ton, up 0.28% compared to the previous working day.

Low-sulfur calcined petroleum coke: Prices remain firm in line with raw material costs. Enterprises mainly produce based on orders, and downstream purchasing willingness is acceptable. Rigid demand procurement from graphite electrode and graphite cathode sectors continues, with moderate cost support strength.

Medium- and high-sulfur calcined petroleum coke: Prices remain stable, with active production and sales. End-users mainly restock based on rigid demand, but strong cost pressures persist, increasing the cost burden on enterprises.

Petroleum coke prices are still showing an upward trend. With rigid demand procurement from graphite electrode and graphite cathode markets, cost pressure continues to rise. It is expected that low-sulfur calcined petroleum coke prices will remain mainly stable in the short term.

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