The main petroleum coke market is generally stable, while the prices of locally refined coke fluctuate narrowly
Market Overview
On May 30th, the average price of petroleum coke in the market was 1895 yuan/ton, which remained stable compared to the previous working day. Today, the main refinery coke prices remained generally stable, while the local refined petroleum coke market prices fluctuated narrowly by 10-100 yuan/ton.
Today, the shipment of petroleum coke from Sinopec's refineries remained stable, and downstream negative electrode enterprises have a good demand for petroleum coke in the Yangtze River region. The carbon industry mainly purchases on demand; The trading of sulfur petroleum coke in refineries in North China and Shandong is stable, and inventory is mostly at a low level. PetroChina's refineries in Northeast China mainly maintain stable shipment volume, while Liaohe Petrochemical and Dagang Petrochemical in North China have not yet tendered for petroleum coke; The petroleum coke market in the northwest region maintained stable trading today, with downstream customers picking up goods as needed. All refineries under CNOOC have maintained stable prices and executed orders today.
In terms of local refineries, the average price of local refineries in Shandong has slightly decreased compared to the previous working day. In detail, there is a narrow fluctuation in market prices, and some are beginning to show signs of a pullback. The downstream aluminum carbon market has stable production, with on-demand purchase of petroleum coke and limited support for the market. Some refineries have lowered prices by 10-100 yuan/ton to adjust shipments. Today, the sulfur content of petroleum coke in Xintai Petrochemical South Zone increased to around 4.5%, and coke prices have been reduced by 50 yuan/ton; However, some refineries have seen an improvement in their shipments after their coke prices fell to a low level in the previous period, with prices falling back by 20 yuan/ton.
In terms of imported coke, downstream carbon enterprises purchase petroleum coke on demand; The overall production of negative electrode materials in the market has increased, downstream procurement willingness has increased, and the shipment of negative electrode coke is pressureless; The demand for bullet coke in the market is stable, and traders are shipping at a stable price.
On the supply side
As of May 30th, there are currently 16 routine inspections of coking plants in China, with a daily production of 84445 tons of petroleum coke and a coking operating rate of 66.59%, which is unchanged from the previous working day.
In terms of demand
The overall demand for carbon in the downstream aluminum market still exists, and enterprises maintain a rigid demand for petroleum coke procurement; The continuous release of terminal consumption in the negative electrode material market has driven up demand for negative electrode materials, and the demand for petroleum coke is still satisfactory; The shipments of graphite electrode enterprises are generally stable, and the market is mostly dominated by a wait-and-see attitude, with caution in purchasing petroleum coke; The demand for high sulfur projectile coke in the silicon carbide industry and the southern fuel market still exists.