China's petroleum coke market is under pressure, some refineries'  prices continue to adjust

China's delayed coking unit operating rate was 69.2% this week, higher than last week.

The shipment volume of China's petroleum coke market was under pressure this week, and some refineries' petroleum coke market price continued to retreat. The epidemic situation broke out in many places across the country. The epidemic broke out in many regions of China, affecting the logistics and transportation, thus increasing the overall logistics cost. In addition, China's petroleum coke market was well supplied, and the downstream demand side has a strong wait-and-see mood, mainly focusing on on-demand procurement. In terms of major refineries, Sinopec refineries' shipments were satisfactory, and the overall market price of petroleum coke remained stable, while CNPC refineries' shipments were flat, and some refineries' petroleum coke market price continued to adjust. CNOOC's refinery shipments were under pressure, and petroleum coke overall market price has also been significantly adjusted. Local refineries were seriously affected by the epidemic. Most refineries cut prices and actively cleaned up their stocks and shipped.

Sinopec:

This week, Sinopec refinery shipments were fair, the overall petroleum coke market prices remained stable.

PetroChina:

This week, China Petroleum refinery shipments were general, individual refineries of petroleum coke market prices also have varying degrees of adjustment.

CNOOC:

This week, CNOOC's refinery shipments were under pressure, and petroleum coke market price has fallen sharply.

Shandong Dilian:

This week, affected by the epidemic, the logistics and transportation of local refineries in Shandong were not smooth, the shipment of refineries slowed down, and the overall coke price fluctuated, showing weak performance.

Northeast and North China:

This week, the refinery shipments in Northeast China were stable, while petroleum coke market prices were mixed. North China Refinery shipments were general, petroleum coke market prices fell slightly.

East and Central China:

The shipment of Xinhai Petrochemical in East China was acceptable this week, petroleum coke market price was not adjusted; Jinao Technology petroleum coke production and sales in central China were stable, and the market price of petroleum coke has been adjusted in response to market demand.

Terminal inventory:

The total port inventory this week was about 2.2 million tons, higher than last week.

This week, the imported coke volume to the port increased, and the petroleum coke storage at the port remained at a high level. Affected by multiple outbreaks of the epidemic in China, logistics and transportation are not smooth, the speed of port delivery has decreased significantly compared with the previous period, and the domestic refinery petroleum coke market price has fallen under pressure, resulting in a strong wait-and-see mood on the downstream demand side. Most enterprises purchase according to demand, and the spot price of carbon grade petroleum coke at port decreases accordingly; The shipment of fuel grade petroleum coke at the port is differentiated. Beigang fuel grade petroleum coke is mainly distributed in northwest China. Due to the impact of environmental protection policies on some enterprises, the shipment situation is slightly ordinary. The enthusiasm of the downstream demand side of ports in South China is still good, and some power plants are highly motivated to purchase. Compared with the previous period, the transportation of high sulfur fuel grade petroleum coke in the port has improved. Petroleum coke market daily news update, welcome to follow us.