2021 petroleum coke market analysis and 2022 outlook!

2021 is the beginning of the 14th Five-Year Plan and the beginning of the new journey of building a fully modern socialist country. In the year, national economy continued to recover and grow steadily despite the severe and complex global epidemic. Our graphite electrodes use good petroleum coke material for reference. In the twinkling of an eye, the year 2021 has come to an end. Looking back on the past year, China took the lead in realizing the process of economic recovery and resumption of work and production, and has become the engine of world economic growth. Benefiting from the recovery of the domestic industrial chain and supply chain, China's commodities have become the "rigid demand" of many countries in the economic recovery process. According to relevant data, after entering 2021, China not only maintains a strong performance in economic development, but also its own foreign trade data are still outstanding. In the first 10 months of this year, China's total import and export volume was 31.67 trillion yuan, up 22.2 % year on year.

Under the background of good domestic economic development, the petroleum coke industry followed the pace in 2021 to achieve rapid development. The petroleum coke market is magnificent and the overall performance is strong, domestic coking price has repeatedly broken through historical highs.

2021 Petroleum coke market analysis

China petroleum coke production in 2021

Petroleum coke is a solid product produced by delayed coking unit with residual oil as raw material. Its output depends on the primary processing capacity of crude oil and the supporting conditions of secondary processing devices in oil refining enterprises. The main tone of petroleum coke is basing sales on production. With the progress of domestic delayed coking units in raw material adaptability, process flow, large-scale, operating conditions, safety and environmental protection, the production capacity is increasing, and the output of petroleum coke will increase year by year.

China oil coke price in 2021

In the first quarter, the aluminum price broke through the 20000 yuan mark, and the oil coke rose like rainbow under the positive effect of both supply and demand; At the beginning of the second quarter, domestic refineries entered the maintenance season. Stimulated by the shortage of resources, petroleum coke reached a new high. In May and June, with the increase of refinery resumption, the market fell back; The market rose sharply in the third quarter due to the reduction of crude oil quota, the peak maintenance season of refineries in summer and policies, etc.; In the fourth quarter, with the resumption of production after the maintenance of domestic refineries and the weakening of downstream demand, the overall petroleum coke market showed a downward trend.

Proportion of regional petroleum coke production in China in 2021

In terms of regional proportion, in 2021, the output of petroleum coke in East China accounted for 55.51%, that in Northeast China accounted for 11.16%, and that in South China, Northwest, North China, Central China and Southwest accounted for less, accounting for 10.23%, 9.94%, 6.77%, 5.08% and 1.31% respectively.

Petroleum coke market outlook in 2022

Up to now, the coking price has rebounded, the overall shipment of the market is good. Looking forward to the future, the macroeconomic environment, national industrial policies, product supply structure, inventory changes, raw material prices, downstream consumption, environmental protection policies, emergencies, etc. may become the leading factors affecting the petroleum coke market at different stages. In 2022, although the petroleum coke market in 2022 is uncertain due to a variety of factors, and petroleum coke supply and demand pattern still faces more challenges, while petroleum coke as an irreplaceable product in the downstream, the market prospect is still clear. Therefore, if enterprises want to analyze the current situation of petroleum coke industry, they need to understand more relevant policies at home and abroad, predict the future development direction of petroleum coke market, timely avoid risks, seize opportunities, timely change and innovation, which is the long-term plan, contacting us to view the latest petroleum coke market information.