Petroleum coke The main market trading remained stable, while some local refineries saw a downward adjustment.
Sinopec's refineries have maintained stable prices for shipments, with Anqing Petrochemical's negative electrode coke shipments being the main focus in the Yangtze River region and good order placement. Hunan Petrochemical plans to produce coke before the end of the month, while other refineries have maintained stable prices for shipments; The shipment of high sulfur coke from Jinling Petrochemical in East China is stable, and Zhenhai Refining and Chemical is fully self used; The demand for Tahe Petrochemical in the northwest region is stable outside of Xinjiang.
PetroChina's refineries deliver goods on demand, and the inventory of refineries in Northeast China is generally not under pressure, with good shipments; The demand for carbon for aluminum in refineries in the northwest region remains stable.
CNOOC's refineries execute orders.
In terms of local refineries, the trading atmosphere in the local petroleum coke market is gradually easing, and the rise in refinery coke prices is weakening, with some downward adjustments. Downstream procurement demand still exists, but support is limited. Most refineries ship according to demand, and some have started to adjust coke prices by 30-50 yuan/ton. In addition, there are still a few refineries with decent shipment performance, and coke prices continue to rise slightly by 10-70 yuan/ton. Today's market volatility: Tianhong Chemical's petroleum coke sulfur content has risen to 4%, and vanadium content has risen to 800PPM.
In terms of imported coke, the inventory of petroleum coke in ports has slightly decreased, and the shipment of some low sulfur coke is relatively acceptable. The cost of fuel coke is mainly inverted and low-priced, leading to a decrease in volume.
supply-side
As of June 27th, there are currently 27 coking units in China that have been shut down for maintenance. The daily production of petroleum coke in China is 81860 tons, and the coking operation rate is 63.47%, which remains stable compared to the previous working day.
demand-side
The purchasing enthusiasm of downstream carbon and negative electrode material enterprises is still acceptable, which provides certain positive support for the petroleum coke market; The on-site purchase and sales of graphite electrodes are slow, and the mainstream market remains stable and wait-and-see. The enthusiasm for purchasing raw petroleum coke is average; The demand for high sulfur pellet coke in the silicon carbide industry and the southern fuel market still exists.
Future forecast
The overall trading performance of the petroleum coke market is still acceptable, and downstream enterprises still have procurement demand, which provides some support for the petroleum coke market.