【Calcined Petroleum Coke】Domestic Profit Analysis in September 2023

01. Domestic Calcined Petroleum Coke(CPC) Price Analysis in September 2023 

Data Source: Oilchem

This week, the prices of low-sulfur Calcined Petroleum Coke decreased compared to the previous week. Calcined Petroleum Coke made from Jinxin coking coal maintained a price range between 4,500 and 5,200 CNY/ton, while Calcined Petroleum Coke made from Fushun coking coal was priced at around 5,650 CNY/ton. The shipments of low-sulfur Calcined Petroleum Coke were moderate this week, and orders for October have not yet started to be signed. Currently, the focus is on executing earlier contracts.

In Shandong this week, the prices of general cargo Calcined Petroleum Coke remained stable. The price for 3% sulfur general cargo Calcined Petroleum Coke was 2,550 CNY/ton, while the mainstream price for 3% sulfur coke with a vanadium content of 450 PPM was 3,100 CNY/ton, and the mainstream price for 3% sulfur coke with a vanadium content of 350 PPM was 3,300 CNY/ton. Shipments of medium-sulfur Calcined Petroleum Coke in Shandong continued steadily, with some minor reductions compared to the previous week. The prices of low-sulfur Calcined Petroleum Coke experienced a slight decline, and downstream industries were cautious in their procurement.

02. Profit Analysis of Domestic Calcined Petroleum Coke in September 2023

Data Source: Oilchem

Data Source: Oilchem

In Shandong this week, the theoretical profit for 3.0% sulfur general cargo Calcined Petroleum Coke was 382 CNY/ton, up by 18.3%. This week, the average price of local high-sulfur petroleum coke in refineries decreased significantly, and the achievable prices for general cargo Calcined Petroleum Coke saw a slight reduction. Procurement remained stable, and Calcined Petroleum Coke production companies showed signs of increased theoretical profits. Contact us for further insights into the CPC market trends in October.