【Calcined Petroleum Coke】Analysis of Market Supply and Demand
 Trends with Profit Decline in November

From January to November 2023, taking the domestic general-purpose 3.0 calcined petroleum coke as an example, the average price is 2642 yuan/ton, with a year-on-year decrease of about 45%. Meanwhile, the average price of domestic medium-high sulfur petroleum coke from January to November is 1824 yuan/ton, showing a year-on-year decrease of 49%.

In terms of the overall operation in 2023, the profit level of calcined petroleum coke has improved compared to 2022. However, starting from mid-October, there has been a significant decline in domestic calcined petroleum coke profits. 

Source: Oilchem

From January to October 2023, the domestic production of calcined petroleum coke totaled 18.755 million tons, with a year-on-year increase of 5.54%. The import volume from January to October totaled 172,900 tons, with a year-on-year decrease of 14.91%. The overall domestic supply increased by 5.31%. In addition, looking at the export situation of calcined petroleum coke in 2023, the export volume from January to October was 1.1546 million tons, showing a year-on-year decrease of 4.00%.

Source: Oilchem, China Customs

From January to October 2023, the apparent consumption of calcined petroleum coke in China increased by 1 million tons, a growth rate of nearly 6% compared to the same period last year. The projected consumption of petroleum coke in China for the entire year 2023 is expected to reach 44 million tons, with a year-on-year increase of 8%.

Source: Oilchem, China Customs

Entering late November, some calcining enterprises experienced low processing operations due to poor order situations and profit conditions. Overall, there may be a slight decline in calcined petroleum coke production in November-December. It is expected that with the slow decline in petroleum coke prices at the end of November, calcined petroleum coke profits may stabilize at a low level. More details of the fourth quarter calcined coke market analysis, feel free to Contact us.