Petroleum Coke: Favorable Market Trading with Prices Mostly Stable and Individual Fluctuations
**Market Overview**
**On January 27, the average market price of petroleum coke was 2,963 RMB/ton, an increase of 9 RMB/ton compared to the previous working day, representing a rise of 0.30%**. Trading in the petroleum coke market was favorable today, with sustained enthusiasm from downstream buyers in accepting goods. Prices for low-sulfur coke from major refineries remained stable, while individual mid-to-high sulfur coke grades saw slight increases. Local refineries experienced decent shipments, with prices for some coke grades continuing to rise, although a few high-priced grades experienced minor declines.
**Major Regional Market Transaction Prices**
**Sinopec** refineries supplied goods as per demand, with coke prices largely stable and some experiencing slight increases since yesterday. In the Yangtze River region, coke for negative electrode applications saw decent shipments, with stable downstream procurement. The coking unit at Anqing Petrochemical is expected to begin coke production on the 29th. In North China, Yanshan Petrochemical and Cangzhou Refinery primarily produce YBYJJ-2 and energy storage coke. The quality at Luoyang Petrochemical has recovered, with a price increase of 80 RMB/ton for grade 3#A. In East China, Jinling Petrochemical's energy storage coke production accounted for approximately 70% of its output this month, with the remainder being prebaked anode coke. In Northwest China, Tahe Petrochemical experienced smooth shipments, with prices rising by 40 RMB/ton.
**CNPC (PetroChina)** refineries maintained stable coke prices. In Northeast China, low-sulfur coke shipments were smooth with steady downstream acceptance, and refinery inventories were generally low. In Northwest China, refineries saw stable shipments of aluminum-grade carbon products.
**CNOOC** refineries conducted volume release auctions. Among them, Taizhou Petrochemical achieved stable price transactions. The calcium content in CNOOC Asphalt has increased; please continue to follow BaiChuan Info-Future for transaction price updates.
**Local Refineries:** Trading in the local refinery petroleum coke market was acceptable, with refinery coke prices showing mixed stability, increases, and decreases. The average market price in Shandong today was 2,537 RMB/ton, an increase of 17 RMB/ton compared to the previous working day, a rise of 0.367%. Currently, market shipments are relatively smooth. Some refineries have low inventory levels, leading them to opportunistically raise coke prices by 10-100 RMB/ton. Conversely, some refineries with relatively high price levels reduced coke prices by 20-50 RMB/ton for adjustment. Today's market fluctuations: Shandong Keyu Energy's sulfur content increased to 0.65%, and vanadium content rose to 85 PPM.