Local refining petroleum coke market continues to be depressed, both upstream and downstream are polarised 

Petroleum coke investigation

In the first half of February, the petroleum coke market showed a polarization trend, with prices of major petroleum coke refineries stable and positive, but prices of local refineries remained low. In terms of port, petroleum coke inventory remains high, and there are more shipping dates to port in February, the departure speed is not satisfactory. As a result, traders therefore take a wait-and-see attitude to the market and wait for the appropriate market entry point, most of them will not enter the market easily. 

Recently, the main refineries in Northeast China have basically maintained the frequency of one-week increase, which has also given traders some confidence support in the context of the continuous downturn of the local refining coke market and the continuous high level of port inventory.

Refineries in Northwest China are less affected by the market. Pitch coke price in this region is relatively stable, the regional production and sales are balanced, there is no inventory pressure, and the shipment is smooth. However, under the general environment, the price has also been slightly reduced.

There are many refineries in Shandong Province, and the market atmosphere in this region continues to be depressed. Recently, petroleum coke price is mainly adjusted downward. High-quality petroleum coke has been sold well. Relevant personnel revealed that the refinery petroleum coke has been pre-sold to the end of this month and there is no inventory.

"Recent shipments have not been smooth, inventories are quite large and prices are falling," said the head of another petroleum coke refinery. The previous price of this refinery was relatively stable.

A refinery in Shandong has a capacity of 1.2 million tons/year and a daily output of 500-600 tons. Sulfur 5.0% ordinary petroleum coke, pre-sale about a week, good shipment without inventory. He said that the calcined petroleum coke shipment was under pressure, which was mainly related to the reduction for negative electrode materials orders; For negative electrode materials, he said that there was no hope in the first half of the year, which was mainly related to the poor operation of negative electrode materials,

1. The payment method of downstream negative electrode materials enterprises has changed;

2. The cost of negative electrode increases, especially in terms of electricity charges;

3. The reduction of the negative electrode processing fee;

4. Large negative electrode enterprises have their own negative electrode processing plants, resulting in the reduction of orders from some small and medium-sized independent processing plants.

Calcined coke investigation

A coking enterprise in East China is currently in normal operation, with a capacity of 250000 tons/year and a monthly output of 20000 tons of calcined coke. At present, the manufacturer's orders have decreased and inventory has increased. Calcined coke in the plant (sulfur content<3.0%, vanadium 350), the price is 4400 yuan/ton; 3.0 ordinary calcined coke price is 3800 yuan/ton. Its downstream manufacturers are mainly pre-baked anode plants, and 20% are anode material plants. For the follow-up market, the person in charge said that the current market is relatively depressed, downstream demand is difficult to improve in the near future, price will continue to fall, hope it can recover as soon as possible.

A coking enterprise in Northeast China has built an annual capacity of 80000 tons and a monthly output of 6000 tons. At present, its operating rate is 100%. The low sulfur (s<0.5%, A<0.5%, V<0.5%, RD>2.08) Jinxi coke price has increased by 1500 yuan/ton, and the quotation is 8500 yuan/ton; The Raw petroleum coke price has increased by 600 yuan/ton, and the quotation is 5400 yuan/ton. Prices for February have not been set. For the follow-up market, the person in charge said that the current low sulfur coke market is in short supply of raw materials and downstream orders are intensive, and price rising trend will continue. Please pay attention to us for more information on petroleum coke  future  market.