The price of locally refined coke fluctuates narrowly, with stable trading in the petroleum coke market as the main focus
Today, Sinopec's petroleum coke remained stable in price trading, and the shipment of medium and high sulfur petroleum coke in East China was still acceptable. Refineries such as Jinling Petrochemical, Yangzi Petrochemical, Gaoqi Petrochemical, and Shanghai Petrochemical mostly shipped according to 4 # B; Maoming Petrochemical's petroleum coke is fully self used in the South China region, Guangzhou Petrochemical's 3 # petroleum coke is exported, and 4 # petroleum coke is self used. The production and sales of petroleum coke at the Beihai Refinery are stable. Today, there was no significant fluctuation in the petroleum coke market of PetroChina's refineries, and prices remained stable this week. As the end of the month approaches, most refineries are expected to unveil their licenses and make bids tomorrow. The overall shipment of medium sulfur coke in the northwest region is stable, and the shipment of high sulfur coke is poor, with downstream mainly relying on aluminum to support the coke market. Dagang Petrochemical's petroleum coke in North China has reported stable shipments and is expected to make a bid tomorrow. The overall shipment performance of low sulfur petroleum coke this week is average, while the downstream calcined coke market is not good. Factors such as the expected decline in anode prices next month have varying degrees of impact on the petroleum coke market. In terms of local refineries, the shipment performance of local refined petroleum coke market today is average, with some coke prices fluctuating narrowly. Downstream enterprises still have a demand for petroleum coke. Supported by downstream essential procurement, some petroleum coke refineries have slightly increased their prices by 20-50 yuan/ton. The sulfur content of petroleum coke at Wantong Petrochemical has decreased to 3.5%, the vanadium content has decreased to around 600PPM, and the coke price has increased by 50 yuan/ton; Some refineries have average shipments, with coke prices reduced by 10-50 yuan/ton to balance shipments. In terms of imported coke, some low sulfur sponge coke markets are under slight pressure, with weak and stable prices. High sulfur bullet coke from the north, Saudi coke, Russia and other countries have good shipments.
On the supply side
As of June 27th, there have been 15 routine inspections of coking plants nationwide, with a daily production of 84641 tons of petroleum coke and a coking operating rate of 66.74%, an increase of 0.15% compared to the previous working day.
In terms of demand
Downstream aluminum carbon enterprises mainly purchase petroleum coke on demand; The order volume for negative electrode materials in the field is limited, and the demand for petroleum coke remains stable; The downstream demand for graphite electrodes is favorable with insufficient support, and the market is currently operating steadily, leading to a strong demand for petroleum coke; The demand for high sulfur projectile coke in the silicon carbide industry and the southern fuel market still exists.
Future Market Forecast
Downstream carbon enterprises have average enthusiasm for receiving goods, and still mainly purchase petroleum coke on demand. Therefore, Baichuan Yingfu expects the market price of petroleum coke to remain generally stable tomorrow, with limited room for price increases for some coke, with a range of 10-50 yuan/ton. Baichuan Yingfu expects the price of bullet coke to continue to stabilize in the near future.