​【Coke Prices】Recent Petroleum Coke and Calcined Coke Price Trends and Market Assessment

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.

【Coke Prices】Recent Petroleum Coke and Calcined Coke Price Trends and Market Assessment

Petroleum Coke Market Overview

Recently, the petroleum coke market has shown mixed performance. Some refineries under Sinopec slightly increased coke prices, while local refineries experienced average shipments. Downstream procurement sentiment remains cautious, and some coke prices continue to decline.

Domestic Coke: Sinopec refineries mainly execute orders, with market prices remaining stable. PetroChina's Northeast refineries maintain stable sales under contract orders, and Jinxi Petrochemical is expected to increase prices tomorrow by RMB 100/t. CNOOC shows good shipment performance with stable end-user support, maintaining stable prices under contract sales. Local refineries are actively shipping, with transaction prices fluctuating within a narrow range. In Shandong, transaction prices have shown more increases than decreases, with fluctuations ranging from RMB 3–80/t.

Imported Coke: The imported coke market maintains a moderate trading atmosphere, with shipments mainly based on contract orders. Inventory arrivals have decreased month-on-month, and spot inventories continue to decline.

Demand Side: Downstream carbon markets are supported by rigid demand. Procurement pace in the anode material market has slowed. Traditional carbon enterprises have limited acceptance of high-priced raw materials, and cost transmission remains difficult, leading to a cautious and wait-and-see attitude.

Low-Sulfur Coke: Market transactions are average, with refineries mainly executing contract orders. Refineries are actively signing export orders, with transaction prices adjusting within a narrow range of RMB 20–50/t.

Medium and High-Sulfur Coke: Overall refinery shipments have slowed, with downstream buyers purchasing cautiously based on demand. It is expected that mainstream refinery prices will remain stable, while local refineries actively destock, with transaction prices adjusting by RMB 10–100/t. 

Calcined Petroleum Coke Market Overview

Recently, domestic calcined petroleum coke prices have remained mainly stable, with the average price at RMB 3,660/t, up 0.54% compared to the previous working day.

Low-Sulfur Calcined Coke: Prices of low-sulfur green coke have shown slight increases in some cases, supporting the cost side of the calcined coke market. However, downstream procurement remains mainly demand-driven, and production enthusiasm among calcined coke enterprises has slowed.

Medium and High-Sulfur Calcined Coke: Demand is mainly based on rigid procurement. The anode material market purchases on demand, and the anode market also follows demand-based procurement. Enterprises maintain adequate raw material inventories, and prices in the medium- and high-sulfur calcined coke market remain stable.

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