Downstream inventory replenishment supports strong growth of petroleum coke price 

In January, China's petroleum coke market fell first and then rose. In the first half of the month, China's petroleum coke price showed an obvious downward trend under the dual pressure of supply and demand. In the second half of the month, as the Spring Festival approaches, downstream enterprises purchasing enthusiasm increases. In addition, domestic petroleum coke price has a significant advantage compared with imported petroleum coke, and the market trading operation of traders has increased. Petroleum coke price has rebounded, especially in the first week after the Spring Festival. Northeast China low sulfur coke average price  dropped to 5220 yuan/ton; However, the medium-high sulfur petroleum coke price dropped significantly, with Shandong 3C price falling to 3030 yuan/ton and East China 4B price falling to 1823 yuan/ton. 

January was the off-season for refinery maintenance, and overall production was high. China's local petroleum coke production reached a new high. Imports of petroleum coke are also arriving at ports, and reserves of petroleum coke at docks are at a record high.

Before and after the Spring Festival, some calcined coke enterprises reduced production, which had a negative impact on China's local demand for petroleum coke, after the Festival, the demand of some enterprises began to recover.

In February, China's delayed coking units operation rate was still at a high level, the domestic petroleum coke supply was sufficient, the imported petroleum coke total amount and social inventory were both at a high level. In February, China's local refined petroleum coke price range is expected to mainly fluctuate, and the main petroleum coke prices may continue to rise. Reading the related reports of petroleum coke market, welcome to contact us.