Petroleum coke market trading bears pressure, petroleum coke overall market prices fall

This week, China's delayed coking unit operating rate is 70.81%, higher than last week.

This week, China's petroleum coke market trading is under pressure, and petroleum coke overall market prices decline. China's local refineries coking units operates at a high level, and port spot prices remain high. China's overall supply market is sufficient, and alternative supply channels on the downstream demand side have increased, which restricts petroleum coke current market prices to some extent. 

In terms of major refineries, Sinopec refineries actively shipped, and some refineries' petroleum coke market prices began to adjust. PetroChina refineries' petroleum coke shipment slowed down, and the market prices continued to decline. CNOOC refineries actively shipped, and petroleum coke price began to retreat significantly; Local refineries' shipment volume was acceptable, and the overall price of petroleum coke fell again.

This week, petroleum coke market quotation:

Sinopec:

This week, Sinopec refineries actively shipped, and some refineries' petroleum coke market prices fell in response to the market.

PetroChina:

This week, PetroChina's petroleum coke shipment slowed down, and petroleum coke market prices continued to fall.

CNOOC:

This week, CNOOC's refineries actively shipped. Except Taizhou Petrochemical, other refineries' petroleum coke price fell sharply.

Shandong refineries:

This week, Shandong refineries shipments performed well, and petroleum coke market price fell back sharply again.

Northeast and North China:

This week, refinery shipments in Northeast China were general, and petroleum coke market price had a slight correction; Refinery shipments in North China slowed down, and petroleum coke market prices fell again.

East and Central China:

This week, Xinhua Petrochemical's shipment in eastern China slowed down, and petroleum coke price began to fall. In the central region, Jin'ao Science and Technology's shipment was smooth, and the market price fell accordingly.

Terminal inventory:

This week, total inventories at ports were about 2.4 million tons, lower than last week.

A small amount of imported petroleum coke arrived at ports this week. Although port inventory has declined, it is still high. International freight rates have declined. Despite the external market price has declined to varying degrees, the domestic refineries overall prices continue to decline. At present, costs and profits are still seriously inverted. In the short term, imported petroleum coke spot prices do not have a significant advantage compared with China local refineries. The downstream demand still takes local refineries' petroleum coke price as a reference, which forms a great disadvantage for spot port dredging. This week, the port's carbon grade petroleum coke suppliers continue to be affected by local refineries' prices. In addition, they are also eager to withdraw funds at the end of the year. Some suppliers actively adjust their prices by a large margin, and the shipment is in good condition. Other suppliers are still on the sidelines, because their previous purchase prices are severely inverted. Although there is price adjustment, the adjustment is not obvious and is still in a wait-and-see state; The coal market is tepid, and the early bidding for downstream power plants and chemical plants has ended. Most purchases are basically fixed, and purchasing enthusiasm has declined, with a strong wait-and-see mood and insufficient purchasing power. Shipments of fuel grade petroleum coke have declined as some port fuel grade petroleum coke suppliers still reluctant to sell. Petroleum coke product specification guidance, welcome to consult us.