On Wednesday (November 24) the petroleum coke market shipments were stable, and individual coke prices continued to decline
Today (November 25), the overall shipments of the petroleum coke market were stable. CNOOC’s coke prices generally declined this week, and some coke prices in local refineries fluctuated slightly.
As for Sinopec, the shipment of high-sulfur coke in East China was stable. Jinling Petrochemical and Shanghai Petrochemical were all shipped in accordance with 4#B; the price of Sino-sulfur coke in the riverside area was stable and the refinery shipments were good. PetroChina’s refineries remained stable today and the main stream of petcoke declined individually. The prices of refineries in Northeast China were temporarily stable. The prices of Urumqi Petrochemical in Northwestern China fell by RMB 100/ton today. Petroleum coke prices of Kepec and Dushanzi were temporarily stable. As for CNOOC, the price of petroleum coke in Zhoushan Petrochemical and Huizhou Petrochemical declined yesterday.
The overall trading of petroleum coke in local refineries has stabilized. Some refineries have slightly adjusted their coke prices by 30-50 yuan/ton, and individual refinery coke prices have dropped by 200 yuan/ton. As the end of the month is approaching, the heating season is superimposed, and downstream companies tend to wait and see. Purchasing on demand. Part of today’s volatile refinery market: Hebei Xinhai Petroleum’s coke sulfur content has been reduced to 1.6-2.0%.
Imported petroleum coke is generally traded, and domestic petroleum coke prices continue to fall. As a result, downstream enterprises are affected by the heating season policy, and their enthusiasm for receiving goods is reduced. Imported coke shipments are under pressure, and more early contracts are implemented.
The market outlook predicts that as the end of the month is approaching, downstream companies are short of funds, mostly holding a wait-and-see mood, and the enthusiasm for receiving goods is average. According to Baichuan Yingfu, petroleum coke prices still have a certain downside in the short term.
Post time: Nov-25-2021