【Petroleum Coke】Stable refinery transactions, acceptable market shipments

Today, the main refineries' petroleum coke transactions are stable, and the inventory of local refineries' petroleum coke market has generally dropped to a low level. In the South China region, transactions of high-sulfur petroleum coke are average, with refineries shipping steadily; in the North China and Shandong regions, transactions of medium-to-high sulfur petroleum coke are mainly steady, with overall downstream demand still weak. In the Northeast region, Daqing, Fushun, Jinzhou, and Jilin Petrochemical continue to maintain sales prices today, with Jilin Petrochemical's petroleum coke price adjusted downwards; in the Northwest region, refinery transactions are stable today, with Dushanzi Petrochemical's coke price declining but still acceptable, continuing to ship according to 4#A. CNOOC's refineries are trading at stable prices today, with low inventory levels.

Today, the overall shipments of local refineries' petroleum coke market are acceptable, with the overall inventory at a low level, and the market is actively accepting goods. Some refineries' petroleum coke prices continue to probe upward by 20-50 RMB/ton. Today's market fluctuations include Hebei Xinhai petroleum coke sulfur content reduced to 0.8-1.2%.

In terms of imported coke, there are still many ships arriving at ports this week, with relatively high costs for imported coke in the early stage. Some traders are reluctant to sell, and port delivery speed remains slow. However, as domestic coke prices have risen slightly, terminal procurement intentions have increased, and the shipment speed of domestic coke has accelerated.

Market procurement enthusiasm is still acceptable, but overall demand support is limited, and local refinery coke prices have slightly increased. It is expected that the coke prices of some local refineries will continue to probe slightly higher tomorrow. For more petroleum coke news and information, please continue to follow us.