【Carburant】Moderate Demand Support, Weak Stability in Carburant Market Prices

Data Source: Oilchem

Cost Aspect: As of the time of writing, the average price of low-sulfur  petroleum coke #1 in the market is 3,036 RMB/ton, remaining stable compared to the previous week; #2 petroleum coke is 2,406 RMB/ton, showing a decrease of 15 RMB/ton from the previous week. To check the graphitized petroleum coke latest market prices. Currently, in the domestic market, petroleum coke prices are maintaining a fluctuating consolidation. The low-sulfur petroleum coke market lacks sufficient positive drivers to sustain robust trading, while the market for medium-sulfur petroleum coke with good production and sales remains stable. China domestic petroleum coke market has sufficient supply, with port inventories decreasing by 17,000 tons compared to the previous week. The contradiction between supply and demand in the petroleum coke market is expected to be difficult to break through in the short term, leading to a continued weak and stable operation of petroleum coke prices.

Data Source: Oilchem

Price Aspect: In this period, the price of carburants is weak and stable. Regarding calcined coal, the price of raw material anthracite has decreased, and the shipment of calcined coal carburants is moderate. The operating rate of electric arc furnace smelters in the downstream demand sector has decreased compared to the previous week. There is currently no cost pressure, and there are no favorable factors for the price of calcined coal carburants. As for calcined petroleum coke and graphitized carburants, the price of raw material petroleum coke remains weak and stable, and downstream demand is moderate. Shipments of calcined carburants are average, with downstream buyers mainly purchasing as needed, resulting in stable prices. It is expected that the future prices will mainly remain stable, with the possibility of narrow adjustments.

Data Source: Oilchem

Downstream Demand: The overall operating rate of independent electric arc furnaces in China has slightly decreased, while the capacity utilization rate has increased against the trend. Recently, driven by macro news and futures, despite approaching winter, the prices of construction steel products have significantly risen. Electric arc furnace plants generally indicate that losses have eased, and profit levels have improved.

In summary, with raw material prices fluctuating narrowly and moderate trading activity on the demand side, the support for the carburant market is moderate. It is expected that there may still be the possibility of narrow adjustments in the domestic carburant market in the near term. Feel free to contact us for the carburant market trend.