Downstream procurement according to demand, petroleum coke market transactions in general.

On Tuesday (Oct 25th), petroleum coke average market price was 4580 yuan/ton, down 1 yuan/ton, or 0.02%. Downstream is purchased on demand, and the petroleum coke market is generally shipped.

Sinopec aspect

The medium and high sulfur petroleum coke transportation in North China is in good condition. Since October 24th, Tianjin Petrochemical petroleum coke price has continued to rise by 20 yuan/ton, Shijiazhuang Refinery petroleum coke price has risen by 20 yuan/ton, and other types of petroleum coke price remains unchanged. Yanshan Petrochemical petroleum coke is shipped as per 4#A and 4#B, and Cangzhou Refinery petroleum coke is shipped as per 3#C and 4#A. Graphite electrode is made of low sulfur petroleum coke for reference.

PetroChina's refineries are trading at a stable price in northeast China, and the impact of the epidemic continues. By the end of this month, the downstream mainly purchased on demand. Petroleum coke prices in northwest China are stable.

Local refineries aspect

At present, the overall trading volume of petroleum coke refining market is still flat, and  some refineries' petroleum coke price continues to fall by 30-200 yuan/ton; At present, the overall performance of the petroleum coke refining market is poor, and a large number of imported petroleum coke entering the port, which has a significant impact on the market. Downstream enterprises have less enthusiasm to receive goods, and mainly purchase petroleum coke on demand. The local refineries' petroleum coke price is under pressure and falling.

Imported coke aspect

A large number of imported petroleum coke still arrive at the port, and the port petroleum coke inventory remains high. The coke price in China fluctuates downward, the imported coke spot transactions is flat, and the traders were mainly implementing early orders.

Future market forecast

Near the end of the month, downstream enterprises are under greater financial pressure, and the raw petroleum coke inventory of enterprises is relatively high. Therefore, the mainstream petroleum coke price is expected to remain stable, and some coke prices still have downward risks.  Follow us for more petroleum coke industry reports.