[Petroleum coke] Downstream cautious replenishment, petroleum coke market fluctuates sporadically

Last week, China's petroleum coke market was flat, most major refineries remained stable, and coke prices of some refineries fell. The local refined petroleum coke price was basically stable, and individual refineries showed ups and downs. The main product graphite electrode for steel-making, is low-carbon and environmentally friendly, help to achieveb carbon neutralization. Refinery shipments were positive, downstream replenishment mentality was slightly cautious, the overall purchase of popular commodities was general, and the petroleum coke market supply was relatively stable. 

Main market: PetroChina Northeast low sulfur petroleum coke price fell and adjusted, ordinary quality 1 # petroleum coke was 7400-7800 yuan/ton, and high quality 1 # petroleum coke was 7300-7400 yuan/ton, down 500 yuan/ton compared with the previous week.

Local refining market: Last week, Shandong local refineries petroleum coke prices were basically stable, , and individual refineries' quotations were mixed. At present, the enthusiasm of downstream refineries to stock goods has decreased compared with the previous period, and the plants will start inspection and maintenance soon. In the short term, the most local refined petroleum coke prices in Shandong Province are expected to remain stable, and some medium and high sulfur coke  prices may have a downward trend. For more information about graphite products, please contact us.