Trading in the petroleum coke market is acceptable, and coking prices in some places continue to rise.

Market overview

The average petcoke market price on December 29 was 1,778 yuan/ton, an increase of 1 yuan/ton, or 0.06%. Today, coke prices at main refineries remained stable, shipments from local refineries were acceptable, and coke prices in some parts of the market continued to rise by 10-50 yuan/ton.

Transaction prices in major regional markets

In terms of Sinopec, petcoke from its refineries mainly executes orders. Shipments of medium and high-sulfur petroleum coke in North China are stable. Petroleum coke from Cangzhou refinery is shipped according to 3#C/4#A, and Tianjin Petrochemical is shipped according to 5# coke. Shipments from Shijiazhuang Refinery are in accordance with 4#A; shipments of medium and high sulfur petroleum coke in East China are acceptable, Jinling Petrochemical's petroleum coke is shipped alternately in accordance with 3#C and 4#B, Shanghai Petrochemical, Gaoqiao Petrochemical, and Yangzi Petrochemical are shipped in accordance with 4 #B petroleum coke is shipped, and Zhenhai Refining and Chemical Co., Ltd. is shipped as pellet coke. The petroleum coke market in Northeast China under CNPC is mainly maintaining stable shipments today, and shipments from some refineries are still average; Dagang Petrochemical in North China invites bids today, and the coke price has increased compared with the price unveiled in December. The overall trading volume of the petcoke market in the northwest region stabilized today. After the early coke price reduction, some refineries have significantly reduced their inventory. CNOOC's refineries continued to execute orders at stable prices today.

In terms of local refineries, today's local refinery petroleum coke market trading is fair, and some coke prices are still dominated by the upward trend, with a range of 10-50 yuan/ton; most petroleum coke shipments from refineries are under pressure, and refineries have strong bullish intentions, and coke prices The push up is rapid; affected by the raw materials produced by refineries such as Shengxing and Jincheng, their sulfur separation indicators remain high. Some refineries have lowered their coke prices by 10 yuan/ton due to the continuous rise in coke prices. Today's market fluctuations: Yatong Petrochemical's petroleum coke sulfur content dropped to around 1.9%; Haihua Group's petroleum coke sulfur content dropped to around 2.1%; Shengxing Petrochemical's petroleum coke sulfur content rose to around 7.7-7.9%.

In terms of imported coke, downstream companies have been highly motivated to enter the market recently. Coupled with the rebound in domestic coke prices, imported sponge coke shipments have improved, and some traders have successively shipped goods; high-sulfur pellet coke is supported by the southern fuel market and silicon carbide market, and shipments are still limited. Yes, the shipment of medium and low sulfur pellet coke is stable.

Supply side

As of December 29, there have been no regular maintenance visits for coking units across the country. The daily output of petroleum coke nationwide is 92,948 tons, and the coking operating rate is 73.29%, which is the same as the previous working day.

Demand side

Downstream aluminum carbon companies have a need to stock up and replenish their inventories, and market inquiries have increased; demand from downstream cell factories for negative electrodes has weakened, the market trading atmosphere has been light, shipments have declined, and companies have significantly reduced production; the silicon carbide industry and Southern Fuel The market demand for high-sulfur pellet coke still exists; graphite electrode companies are not very enthusiastic about shipments, and actual transactions still need to be improved, so that the market maintains stable operation.

Market outlook forecast

Petroleum coke market shipments are acceptable, and market orders are not expected to decrease next week. Therefore, Baichuan Yingfu predicts that the petcoke market price will show a steady upward trend next week. After the previous decline, the price of main low-sulfur coke may rise slightly. The range is 50-100 yuan/ton. The market demand for pellet coke is acceptable, and the price of pellet coke is expected to remain stable in the short term.