2021 domestic petroleum coke import and export volume both increased

In 2021, the domestic petroleum coke market was well traded, supported by the demand side, driven by the overhaul of petroleum coke in refineries, imported petroleum coke shipment performed well, traders’ enthusiasm to enter the market was high, Juxing graphite electrode made of high-quality petroleum coke is available for supply, and petroleum coke import increased significantly throughout the year.

2020-2021 domestic petroleum coke imports chart

　　Source: General Administration of Customs

　　According to the General Administration of Customs statistics, China petroleum coke (including oil-serise needle coke) total import in 2021 was 12.74 million tons, an increase of 2.463 million tons year-on-year in 2020, an increase of 23.96%, of which, petroleum coke import volume in December was 837,300 tons, a month-on-month decrease of 505,700 tons or 37.65% compared with November, and a year-on-year decrease of 79600 tons or 8.68% compared with December 2020.

2021 petroleum coke import analysis (by commodity name)

　Source: General Administration of Customs

　　According to the data analysis of the General Administration of customs, the total import of domestic uncalculated petroleum coke in 2021 was 12.5152 million tons, an increase of 2.481 million tons or 23.83% year-on-year in 2020. Medium and high sulfur uncalcined petroleum coke still accounts for a large proportion. The cumulative import volume of uncalcined petroleum coke with a sulfur content of more than 3.0% is 8.9631 million tons, accounting for 70% of the total import volume. Calcined coke import proportion is relatively small, and the cumulative import volume is 225,100 tons, accounting for only 2% of the total import volume , reading more petroleum coke forecast contacting us.