Petroleum coke Market trading is temporarily stable, with coke prices remaining steady with minor fluctuations.
Price Trends
Shandong Local Refineries Average Price: CNY 2,484/mt, up CNY 37/mt (1.51%) from the previous trading day.
Market Sentiment:
Low inventory and sustained downstream demand supported price increases for mid-low sulfur coke (up CNY 10-50/mt).
Pellet coke rose by CNY 50/mt due to supply tightness.
Partial refineries cut prices by CNY 40-150/mt to stimulate shipments.
Refinery Operations
Refinery Group | Regional Performance |
Sinopec | - South China: Guangzhou refinery shipments stable; Maoming produces needle coke; Beihai refinery outputs #4A. |
PetroChina | - Northeast: Low-sulfur coke shipments strong. |
CNOOC | - CNOOC Bitumen refinery auction starts at CNY 3,700/mt. |
Local Refineries | - Fuhai Hualian: Restarted coker (S: 1.55%, V: 187 ppm), quoted at CNY 2,963/mt. |
Supply-Demand Dynamics
National Supply:
25 coker units under maintenance.
Daily output: 82,350 mt; operating rate: 64.58% (up 0.47% WoW).
Demand Overview:
Aluminum Carbon: Stable procurement.
Anode Materials: Major plants operate at high rates with steady orders.
Silicon Carbide: Sustained demand for high-sulfur pellet coke.
Graphite Electrodes: Weak demand due to low operating rates.
Import Coke & Port Activity
Port inventories declined slightly; increased inquiries for fuel-grade coke.
High-sulfur sponge coke offers held steady with negotiated discounts.
Market Outlook
Prices expected to remain stable with minor adjustments. Key drivers:
Low refinery inventories support prices.
Weak graphite electrode demand limits upside.