Steady trading in the petroleum coke market with fluctuations in local petroleum coke prices

On Thursday (December 1), petroleum coke market average price was 4277 yuan/ton, down 22 yuan/ton or 0.51%. Petroleum coke market trading was stable, and the local petroleum coke prices fluctuated. 

SINOPEC Aspect

The trading of High-sulfur petroleum coke in South China is stable. The petroleum coke of Maoming Petrochemical is for its own use. Part of high-sulfur petroleum coke exported by Guangzhou Petrochemical is shipped as per 4#A, Beihai Refinery is also shipped as per 4#A; High-sulfur petroleum coke is well transported in East China. Since December, Zhenhai Refining and Chemical Co., Ltd. has exported some petroleum coke. Sinopec Shanghai Petrochemical Co., Ltd., Gaoqiao Petrochemical Co., Ltd. and Yangzi Petrochemical Co., Ltd. all shipped as per 4#B. Petrochina's refineries in Northeast China continue to sell petroleum coke at guaranteed prices in Daqing, Fushun, Jinxi and Jinzhou, and execute the latest listed price; At present, petroleum coke shipment in northwest China is stable, and the coke price has not been adjusted so far. At present, CNOOC refinery oil coke price is stable. After the coke price cut, refinery inventories are at low levels.

Local Refineries Aspect

At present, the price of the local refining market is mixed, and the price of some types of petroleum coke has basically hit the bottom. The purchasing enthusiasm of downstream enterprises has improved, and the coke price has risen by 50-100 yuan/ton; However, the shipment of high priced petroleum coke is still average, the refinery inventory is high, the downstream wait-and-see sentiment is still high, and the coke price continues to fall by 20-100 yuan/ton. At present, the sulfur content of petroleum coke of Yatong Petrochemical has decreased to 2.5%.

At present, local refining market price fluctuates greatly, and some types of petroleum coke prices basically hit the bottom. The downstream enterprises have improved the purchasing enthusiasm, the coke price rose 50-100 yuan/ton; However, the high-priced petroleum coke shipment is still average, the refinery inventory is high, the downstream wait-and-see sentiment also remains high, and the price continues to fall by 20-100 yuan/ton. At present, Yatong Petrochemical petroleum coke sulfur content reduced to 2.5%.

Imported Petroleum Coke

At present, a large number of imported petroleum coke has arrived at the port. Due to the impact of the epidemic, logistics transportation at some ports has been restricted and the delivery speed has slowed down compared with the previous period. Port inventories are very high and continued to rise this week.

Future Market Forecast

The shipment of the main refineries is acceptable, and the downstream receives  goods according to the demand. Local refineries' trading volume is still flat. Main refineries' price is expected to remain stable tomorrow, and the price in some regions will be adjusted. Calcined petroleum coke future market trend, welcome to contact us.