Both supply and demand increase, petroleum coke price fluctuates

This week, petroleum coke price was weak, and some refineries' shipment was low. Refineries actively reduced the price and arranged for delivery, and petroleum coke price fell again in some regions. Price fluctuations in Shandong were limited. The 2#A price was about 5600 yuan/ton, unchanged from last week. 2 # B was stable at 4600 yuan/ton. The # 3 coke price moves differently. The # 3 A price was lowered by 50 yuan to 4484 yuan/ton, and the # 3 B price was raised to 3803 yuan/ton. The 3#C price increased by 56 yuan/ton to 3589 yuan/ton. As local epidemic prevention and control policies were gradually relaxed, petroleum coke shipments from refineries improved significantly, and prices partially recovered. Northeast petroleum coke was mainly in the finishing price. The No. 1 coke price was stable at 6356 yuan/ton. International crude oil fell in shock. Favorable support for petroleum coke weakens. Downstream users have poor purchasing enthusiasm, weak market demand and limited logistics and transportation. South China 2#B quotation was stable at 5450 yuan/ton, and high sulfur coke quotation was stable at 2320 yuan/ton.

Recently, with the loose policy of epidemic control, some manufacturers' shipments have improved, supporting some models' coke prices increase. At present, the operating rate of refineries is still at a high level, and manufacturers' supply pressure remains; Downstream market demand is weak, the overall purchasing enthusiasm is low, the short-term market demand is weak, and some coke prices still have a small downward space. In conclusion, some types' price is expected to decline next week. In the later stage, attention should be paid to the operation of on-site equipment and the tracking of downstream demand.

This week, total petroleum coke stock at the port was about 2.51 million tons, an increase of about 70000 tons compared with last week. The market imported coke has been arriving at ports, petroleum coke dredging port speed has slowed down, and port inventories continue to remain high.

This week, China's petroleum coke delayed coking sample production was in good condition, with most producers making profits, currently around 280 yuan/ton. For the forecast of petroleum coke industry before the Spring Festival, welcome to further contact us.