Petroleum coke overall shipment is acceptable, some price changes

Petroleum coke overall shipment is acceptable, some price changes

On August 29, 2022, petroleum coke average market price was 4581 yuan/ton. Main refineries' price was temporarily stable, while local refineries' price fluctuated. Petroleum coke is the main raw material of GRAPHITE ELECTRODE products, which is widely used for EAF/LF STEELMAKING.

High sulfur petroleum coke shipment in East China was acceptable, and Zhenhai Refining and chemical mainly produced pellet coke. After the continuous decline of the price in the early  stage, low sulfur coke price began to improve, and the purchasing enthusiasm of downstream anode material enterprises and carbon plants increased; Petroleum coke price in Northwest China was stable and the shipment was good. At present, petroleum coke overall price of CNOOC's refineries is stable.

In terms of local refineries, the overall market shipments are stable, and petroleum coke prices of some refineries are adjusted; After refineries' petroleum coke price continuous decline in the early stage, the current shipment volume is acceptable, and the petroleum coke inventory has dropped to a medium low level. However, by the end of this month, downstream enterprises are facing huge capital pressure, mostly purchase on demand. Each refinery flexibly adjusts petroleum coke price according to its own shipment situation.

Port imported petroleum coke inventory is still at a high level, mainly medium and high sulfur petroleum coke. Downstream enterprises are not enthusiastic about receiving goods, and purchase on demand.

The overall shipment volume of petroleum coke market is stable, however, near the end of the month, the downstream enterprises wait-and-see mood increases. Petroleum coke prices are expected to remain stable tomorrow, but with some adjustments. Reading the related news of petroleum coke, feel free to contact us.