Downstream actively replenished inventories, petroleum coke price generally rose

Petroleum coke market price fluctuated and rose this week. After the Spring festival, the downstream market has a good replenishment enthusiasm, under this support, most enterprises shipments increased. In addition, most businesses have little inventory pressure, which supports market prices rise to some extent. The carbon industry is stocking up after the holiday, which leads to the cancellation of price protection policies by refineries and the active promotion of prices. Currently, petcoke market trades well. 

Shandong region petcoke price increased by 65-307 yuan/ton, of which the 2# petcoke price fluctuated in a narrow range, the 2#A petcoke price stabilized to 5000 yuan/ton, and the 2#B petcoke price dropped by 30 yuan/ton to 4300 yuan/ton; The 3# petcoke price increased significantly, downstream carbon enterprises concentrated replenishment after the holiday, and refinery shipments were good, supporting petcoke price rise. South China's quotatio was raised along with the increase, of which the 2#B quotation was increased by 500 yuan to 5000 yuan/ton, and the high sulfur petcoke price was stabilized to 2220 yuan/ton. Downstream enterprises mainly purchased according to demand, and market transaction atmosphere was fair. East China's quotation continued to rise, the 2# petcoke price increased significantly, and downstream transactions have good demand performance, supporting the high market prices.

The downstream market is actively stocking up after the holiday, and most enterprises have little inventory pressure, which supports the high market price to some extent. However, with the rising price, some downstream enterprises' enthusiasm to receive goods is weakened, and the possibility of the coke price of some models is expected to continue to increase is less. In the later stage, we need to pay attention to the operation of devices on the market and the follow-up of downstream demand.

However, with the rising price, the enthusiasm of some downstream operators to receive goods weakened, some petcoke models' price is unlikely to continue to rise. In the later stage, we should focus on the production units operation on the market and the subsequent demand of downstream enterprises. For petroleum coke production and price analysis, contact us for more information.