Market Overview of Petroleum Coke on April 28th Moderate Trading with Stable Narrow Price Adjustments
Today's Domestic Petroleum Coke Market Overview
Trading in China's domestic petroleum coke market is moderate today. Mainstream markets maintain stable shipments and execute orders; local refineries focus on volume-based sales, with transaction prices generally stable and partial fluctuations.
Domestic Coke
· Sinopec Refineries: Trading is stable, and inventories remain low.
· PetroChina Northeast Low-Sulfur Coke: Shipments are steady, supported by downstream rigid demand procurement.
· CNOOC Low-Sulfur Coke: Transaction prices remain unchanged. Refineries in Taizhou and Zhoushan have recently undergone maintenance, leading to reduced supply.
· Local Refineries: Transaction prices are mixed (both ups and downs). Refineries keep low inventories, with prices fluctuating by 10–190 RMB/ton in line with the market.
o Shandong local refineries actively promote shipments; individual plants adjust indicators to implement latest prices.
o Xinhai Petrochemical (North China): Improved shipments, with transaction prices raised by 50 RMB/ton.
o Jin'ao Technology (Central China): Prices cut by 30 RMB/ton to boost shipments.
Imported Coke
Downstream buyers adopt a cautious attitude, resulting in slow port spot inventory de-stocking. Port spot coke prices fluctuate downward by 20–30 RMB/ton.
Demand Side
Downstream procurement is dominated by rigid demand.
· Low-sulfur carbon market sees active trading.
· Negative electrode sector follows rigid demand procurement; market participants hold a wait-and-see sentiment, leading to moderate overall trading atmosphere.
Low-Sulfur Coke
Refineries actively execute contracts and ship in volume. The number of refineries under maintenance has increased recently, reducing supply and providing certain positive support for petroleum coke prices.
Medium & High-Sulfur Coke
Downstream enterprises show average purchasing enthusiasm. Refineries actively sign contracts to boost sales.Overall petroleum coke prices are expected to fluctuate and adjust, with sporadic price changes of 10–100 RMB/ton to adapt to market conditions.