Trading in the petroleum coke market is acceptable, while local coke prices fluctuate within a narrow range
Market overview
The average petcoke market price on January 18 was 1,858 yuan/ton, an increase of 1 yuan/ton or 0.05% from the previous working day. The main refineries shipped goods stably today, and some coke prices at local refineries continued to rise by 10-80 yuan/ton.
In terms of Sinopec, petcoke trading at its refineries is fair, and petroleum coke inventories are at low levels; medium-sulfur petroleum coke in areas along the Yangtze River is executing order shipments, Anqing Petrochemical is shipping according to 3#A petroleum coke, and Jingmen Petrochemical is shipping according to 3# B, 3#C shipments; medium-high sulfur petroleum coke shipments in East China are acceptable, Shanghai Petrochemical, Gaoqiao Petrochemical, and Yangzi Petrochemicals ship according to 4#B petroleum coke, and Zhenhai Refining and Chemical Co., Ltd. ship according to pellet coke. PetroChina's northeastern petroleum coke refineries are mainly maintaining stable shipments today. Liaohe Petrochemical's petroleum coke has not yet invited bids; the northwest petroleum coke market is operating stably today. Xinjiang is affected by environmental protection and other factors, and refinery shipments are still showing signs of decline. generally. Today, CNOOC's refineries are mainly executing early orders.
In terms of local refineries, today's local refinery petroleum coke market shipment performance is acceptable. Petroleum coke prices at some refineries continue to rise by 10-80 yuan/ton. Recently, coke prices have been pushed up one after another, and some manufacturers have experienced weak price increases and have begun to lower prices. Coke prices are to ensure normal shipments, with a range of 10-60 yuan/ton. However, the current pre-holiday stockings by downstream companies still support market prices. It is expected that local coke prices will remain stable in the short term. Today's market fluctuations: The sulfur content of Hecorelin petroleum coke dropped to about 2.8%.
In terms of imported coke, downstream companies have recently been stocking up before the holiday, and market inquiries are active. There is no pressure on imported sponge coke shipments, and shipments in the pellet coke market are stable. Petroleum coke shipments from ports are fast, and petroleum coke inventories continue to decrease.
Demand side
Downstream carbon companies for aluminum use are replenishing stocks, and the overall demand for petroleum coke still exists; downstream demand from anode companies is declining, and trading in the anode materials market is relatively light; there are insufficient factors to boost the graphite electrode market, and the market is temporarily stable and stable; silicon carbide The industry and the southern fuel market still have market demand for high-sulfur pellet coke.