Specify the factors affecting the market price of petroleum coke

Market price

China petroleum coke price trend

Factors influencing domestic market price

01. Cost side

Affected by the crude oil price, the residual oil price is mainly rising, and the overall market trend is rising. The load of some refineries' atmospheric and vacuum distillation units has been reduced, the capacity utilization rate has declined, the supply is tight, and the demand is stable. With petroleum coke as raw material, graphite electrode is an important high-temperature conductive material for electric furnace steelmaking, which is mostly used in steel smelting industry. 

02. Supply side

In the near future, China's coking profit has improved generally. The number of shutdown maintenance equipment increased by local refineries has decreased and the supply of domestic market petroleum coke is relatively sufficient. In addition, in order to save refining costs, some local refineries use low-cost crude oil to produce petroleum coke. Therefore, the overall quality of domestic petroleum coke has deteriorated, and the market inventory increases.

03. Demand side

The steel market is in a downturn, and electrode market is in a wait-and-see state. At the same time, the anode materials market has limited support for petroleum coke market, and the low sulfur coke market price has been declining; The market of crude oil and electrolytic aluminum is weak, and the price of low sulfur coke continues to decline, impacting the price of medium and high sulfur petroleum coke. Downstream carbon enterprises mainly purchase on demand, and the demand for medium and high sulfur petroleum coke is general.

04. Port market

Imported petroleum coke is concentrated in the port, petroleum coke port inventory remains high, and domestic petroleum coke market shipment is under pressure, the downstream market is general and mainly purchase on demand, and the port spot market trading volume only reached the average level. The international market price fell and petroleum coke import volume remained relatively large. Detailed explanation of petroleum coke market, welcome to contact us.