【Carburant】 Market Prices Continue to Weakly Stabilize

Data Source: Oilchem

Cost Aspect: As of the time of writing, the price of No. 1 petroleum coke is at 3165 yuan/ton, showing a decrease, while No. 2 petroleum coke is at 2114 yuan/ton, indicating a week-on-week decline. Currently, China domestic petroleum coke price market maintains a weak and stable operation, with subdued demand for low-sulfur coke. Downstream enterprises primarily engage in just-in-time procurement. The medium-sulfur petroleum coke market continues to weakly stabilize, with cautious entry into the market and individual adjustments in transaction prices. The domestic supply of petroleum coke has increased steadily, downstream demand showing a moderate performance, and market sentiment improving slightly. Port inventories have decreased by 33,000 tons compared to the previous week, and the coke price is expected to continue its weak and stable operation.

Data Source: Oilchem

Downstream Demand: The operating rates and capacity utilization of independent electric arc furnaces in China are gradually increasing. As December approaches and the weather gets colder, manufacturers in the northern regions may adjust production based on their own circumstances, influenced by environmental protection plans.

Data Source: Oilchem

Price Aspect: In this period, the carburant market exhibits weak trading activity. Regarding calcined coal, the price of raw material anthracite remains unchanged compared to the previous week. The shipment situation of calcined coal carburants is average in this period. The operating rates of electric arc furnace smelters in the downstream demand sector have increased compared to the previous week, and there is currently no pressure on costs. Downstream demand is primarily just-in-time procurement, and there are no favorable factors for the prices of calcined coal carburants. In terms of calcined coke and graphitized carburants, the price of raw material petroleum coke remains weak and stable, with average downstream demand, resulting in a price reduction compared to the previous week. Shipments of calcined coke carburants are average, with just-in-time deliveries in the downstream sector, leading to a price decline compared to the previous week. It is expected that the future prices will be weak and stable, with the possibility of narrow adjustments.

In summary, with raw material prices experiencing narrow adjustments and acceptable trading activity on the demand side, the carburant market's support is improving. It is expected that the domestic carburant market prices will continue to weakly stabilize in the near term. Some manufacturers may be affected by environmental protection policies, potentially impacting shipments. Any inquiries of carbuants products, feel free to contact us.