On Thursday (September 30), the main refineries continued to push up, and some coking prices fell
Today, the petroleum coke market is trading well, and the price of coke at PetroChina’s refineries in the northwest region has been adjusted upward. Most local refineries are stable, and some refineries have cut prices and cleared their warehouses.
01
As for Sinopec, the price of petroleum coke at Sinopec’s refineries has stabilized today. Guangzhou Petrochemical and Maoming Petrochemical in South China mainly use petroleum coke for their own use, with low external sales. Beihai Refinery, which mainly produces 4#A petroleum coke, has good shipments, and resources in South China are tight. As for PetroChina, the market in Northwestern China is well traded, and petroleum coke resources are still in short supply, with prices generally rising by RMB 90-150/ton. As for CNOOC, the refineries have good shipments and the market is trading at stable prices.
02
In terms of local refining: today’s local refining market prices have been partially lowered. Recently, the pre-holiday clearing will be the main focus. Dalian Jinyuan Petrochemical, Hebei Xinhai Petrochemical, Lianyungang Xinhai Petrochemical, Fuhai United Petrochemical, Shangneng Petrochemical, Xintai Petrochemical, Shida Technology After the downward adjustment rate is 50-400 yuan/ton, the vanadium content of petroleum coke in Xintai Petrochemical’s South Plant will increase, and the price will be lowered for shipment.
03
In terms of ports: Recently, the port petcoke market has been dominated by stable price shipments, and Shandong port inventories have declined rapidly.
Market outlook forecast
The petroleum coke market is dominated by shipments recently. The price of coke in some areas such as the northwest and northeast has increased, and the price of some high-sulfur coke has been reduced to clear inventory.
Post time: Oct-08-2021