China's Petroleum Coke Price Change in 2022

In 2022, China's petroleum coke price generally shows a trend of "rising first and then falling".

Specifically, in the first quarter of 2022, due to the impact of the Winter Olympics, the overall operating load of China's local refineries was relatively low and the resources supply was limited. Due to good downstream demand, petroleum coke price has gradually increased. 

In the second quarter, China's local refineries began to put into production, imported coke concentrated at ports. Under the special factors influence in individual regions, adverse factors accumulated, and petroleum coke price fluctuated downward. 

In the third quarter, the refineries' operating load was low, there was some replenishment demand in the downstream, giving the price of petroleum coke room to rebound. 

Since the fourth quarter, due to special factors, the overall market has been depressed and pessimistic,  petroleum coke price continued to fall. In 2022, China's petroleum coke price closed at 3054 yuan/ton, up 2.17% from the beginning of the year; The average price in 2022 was 4476 yuan/ton, with a year-on-year growth of 89.99% supported by downstream demand. 

In 2022, China's petroleum coke price volatility was 49.75%, down 36.88 percentage points year-on-year. Learn more about petroleum coke market reports.