With the increase of supply side, petroleum coke market is obviously differentiated

Since October, China's petroleum coke market has shown a trend of differentiation. Supported by low inventory, medium and high sulfur coke market price has been pushed up by the trend, while the local refineries' price has fallen back due to shocks. Detailed product parameters of petroleum coke downstream graphite electrode, related further guidance.  Mainly due to the epidemic impact, the product circulation in some regions is restricted. In addition, the supply side shows an upward trend, and most coke prices have been adjusted to low levels, the market trading atmosphere is relatively limited.

Delayed coking market capacity showed a trend of increase in China. Due to the equipment stopped in the early stage has resumed normal operation, the on-site operation rate has continued to increase, and the overall market supply is relatively abundant. The operating rate of delayed coking units in China is 69.5%, and the imported goods are constantly arriving at ports, which to some extent hedges the price of petroleum coke in the domestic market. According to customs data, in September 2022, China imported 1.303 million tons of uncalcined petroleum coke. From January to September, China imported 104.208 million tons of uncalcined petroleum coke, an increase of 2.6783 million tons over last year. With the arrival of imported petroleum coke, the ports inventory volume also shows an increasing trend.

Recently, the domestic market has been affected by factors such as epidemic control and limited market transportation. Insiders are pessimistic about the future market. In addition, some coke prices of local refineries continued to fall, and some traders had limited enthusiasm to enter the market under the influence of the mentality of "buy when prices are going up instead of going down".

In the short term, China's petroleum coke market price range is expected to be mainly shocks, and local refineries' petroleum coke price is weak and adjusted. In the later period, attention should be paid to the operation of on-site units. Two sets of coking units and one set of coking plant are planned to be parked in the main oil refining area in southern China, which is expected to affect the daily output of about 2000 tons. If the production is stopped as planned, some areas' supply may be reduced, and some coke prices may rise to a certain extent. Reading petroleum coke maket recent performance, welcome your further contact.