The demand of petroleum coke market slows down, and the price of coke falls steadily
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The demand of petroleum coke market slows down, and the price of coke falls steadily

28-02-2023

Market overview

On February 23, the average market price of petroleum coke was 3594 yuan/ton, up 6 yuan/ton or 0.17% from the previous working day. Today, the main refinery petroleum coke is mainly shipped at a stable price, and the inventory is medium and low; The local refining petroleum coke market has a general trading volume. After the recent increase in coke price, the downstream delivery is gradually weak, and the coke price starts to decline.

Transaction price of main regional markets

In the aspect of Sinopec, all refineries mainly carried out order shipments, and Jinan Refinery and Qilu Petrochemical Petroleum Coke shipments in Shandong Province were good; The shipment of medium and high sulfur petroleum coke market in North China is stable. Yanshan Petrochemical Company will ship according to 4 # B, Cangzhou Refinery will ship according to 3 # C and 4 # A petroleum coke, and Shijiazhuang Refinery will ship according to 4 # B. PetroChina's refineries in Northeast China are still shipping today, coke prices are mainly stable, and refinery inventories are at low levels; The petroleum coke of the refineries in the northwest region was delivered stably today, and Dushanzi Petrochemical delivered the products according to 4 # A. The coke prices of CNOOC's refineries remained stable today after the overall reduction this week.

Local refineries

Today, the overall shipment of petroleum coke in the local refining market is average, and the price of petroleum coke in most refineries is down 30-180 yuan/ton; Near the end of the month, the downstream enterprises' capital pressure increased and their purchasing enthusiasm weakened. Affected by this, the coke prices of many local refineries were adjusted downward.

Imported coke

Imported petroleum coke is still coming in an endless stream. Although the shipping speed of ports in Shandong is relatively fast, the overall storage of petroleum coke is still at a high level and continues to increase.

Supply side

As of February 23, there were 4 times of routine overhaul of coking plants in China, and the market supply increased today compared with yesterday. As of today, the daily output of petroleum coke in China is 86900 tons, and the coking operating rate is 72.59%, an increase of 0.50% over the previous working day.

Downstream market

The demand for carbon for aluminum in the downstream market is acceptable; The market demand for graphite electrode is still recovering; The market demand for negative electrode, carburetor and silicon metal is stable.

Aftermarket forecast

Recently, the price of petroleum coke has continuously increased, and the pressure of capital at the end of the month has increased, and the enthusiasm of downstream enterprises to purchase has weakened. Baichuan Yingfu expects that some prices in the petroleum coke market may have downward expectations tomorrow.


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