【Mysteel】 Low-Sulfur Petroleum Coke 

Export Volume Significant Increase

Low-Sulfur Petroleum Coke (Sulfur Content <3%) Export Statistics

According to customs statistics, in August 2023, China's export volume of low-sulfur petroleum coke (sulfur content <3%) amounted to 2,593.00 metric tons, marking a 242.67% month-on-month increase but an 88.78% year-on-year decrease. The monthly export value reached $1,510,700 USD, with an average export price of $582.61 USD/MT. The cumulative export volume for the year reached approximately 70,600 metric tons, with a total export value of approximately $53,044,500 USD and an average export price of $751.16 USD/MT, showing a year-on-year increase of 17.77%, and calcined petroleum coke export data is available for reference.

In August 2023, China exported 2,593.00 metric tons of low-sulfur petroleum coke (sulfur content <3%), with the majority being shipped to Japan, accounting for 85.18% of the total exports.

When categorized by export trade mode, general trade accounted for nearly 100% of exports in August 2023.

In terms of registration location, Liaoning Province held the highest share at 85.10% of exports in August 2023, followed by Tianjin Municipality at 14.82%, with other provinces and cities accounting for 0.08%.

Summary

In August, while the import volume of low-sulfur petroleum coke showed a slight month-on-month decrease, the export volume witnessed a significant increase. Domestic port deliveries remained generally swift, influenced by the rising market prices for domestically produced low-sulfur petroleum coke. This led to an acceleration in the release of imported coke from warehouses, resulting in a continued reduction in spot inventory at ports. Favorable demand in the downstream anode market has contributed to an increased demand for low-sulfur petroleum coke, particularly with sulfur content below 3%. Meanwhile, domestically produced coke with 3% sulfur content remains relatively abundant due to raw material factors. Import volumes of high-quality low-sulfur petroleum coke with sulfur content below 3% are still relatively tight, and recent imports are expected to supplement the demand in this downstream segment. Follow us for daily market reports on the carbon industry.