Logistics pressure eased, the price of petroleum coke in some local refineries rose

On Monday (November 7), the logistics pressure eased, and the price of petroleum coke in some refineries rose. Petroleum coke current average price was 4501 yuan/ton, an increase of 8 yuan/ton, or 0.18%. 1#A low sulfur coke prepares graphite products, which can be used as conductive materials in steel plants and foundries.

Sinopec aspect

The medium sulfur petroleum coke is shipped well along the Yangtze River, and the coking units of Anqing Petrochemical and Jingmen Petrochemical have been shut down for maintenance. Petroleum coke supply is tight, and downstream goods delivery enthusiasm is high; The supply of medium and high sulfur petroleum coke in North China is tight, the refinery shipment is not under pressure, and the refinery inventory is still low. In the northeast of China's petroleum refineries, after the price reduction, the coke shipment of Daqing Petrochemical is good, the stock of petroleum coke of Fushun Petrochemical is low, the petroleum coke of Jinxi and Jinzhou Petrochemical is being sold at the guaranteed price, and the bid price of Liaohe Petrochemical is reduced to 6900 yuan/ton. The current market price of petroleum coke in northwest China remains stable; The latest bidding price of Yunnan Petrochemical in Southwest China is 2180 yuan/ton. CNOOC's refinery prices are stable.

Local refineries aspect

At present, the overall shipment of local refined petroleum coke is acceptable, with the price increase of 40-150 yuan/ton. Dongying, Shandong Province has basically lifted the closure control, resumed logistics and transportation, and improved the enthusiasm of downstream receiving goods, which is positive for the petroleum coke market. Refiners have raised their bids accordingly. Market fluctuation: The sulfur content of Panjin Haoye chemical petroleum coke rose to about 1.13%, and the sulfur content of Shandong Shida technology petrochemical industry rose to 3.7%.

Imported coke aspect

As the national epidemic situation has not been effectively controlled, logistics transportation has been restricted in many places, and the shipment of imported petroleum coke is under pressure. However, due to the pre-sale of some futures in advance, the port shipment speed is relatively fast.

Market forecast

At present, the main refinery's petroleum coke supply is stable, and the downstream is purchased on demand; Some parts of Shandong Province have been gradually lifted, downstream carbon enterprises still have a demand for petroleum coke, and the major refineries' prices are expected to remain stable, while petroleum coke prices at some local refineries will continue to rise. More reports of carbon market, feel free to contact us.