For Sinopec, coke prices at most refineries continue to increase by 20-110 yuan/ton. The medium and high-sulfur petroleum coke in Shandong has been shipped well, and the inventory of the refinery is low. Qingdao Petrochemical mainly produces 3#A, Jinan refinery mainly produces 2#B, and Qilu Petrochemical mainly produces 4#A. The medium-sulfur coke in the Yangtze River area has been shipped well, and the inventory of the refinery is low. The Changling refinery mainly produces 3#B. As for PetroChina, the shipments of mid-sulfur coke in Northwest China were stable, and Lanzhou Petrochemical’s prices were stable. As for CNOOC, refinery coke prices are temporarily stable.
In terms of local refineries, the price of refined petroleum coke has been both up and down from the weekend to today. Some refineries have good shipments of petroleum coke, and the price of coke continues to rise by 20-110 yuan/ton. The price of some high-priced petroleum coke in the early period has begun to fall. 20-70 yuan/ton. Today’s market volatility: Hualong’s sulfur content rose to 3.5%.
In terms of port coke, the current port petroleum coke shipments are good, some coke prices continue to rise, and the highest Taiwan coke price in some ports has been reported to 1,700 yuan/ton.
Market outlook: The price of petroleum coke is currently at a high level, and the downstream will receive goods on demand. It is expected that the price of petroleum coke tomorrow will be stable and some will fluctuate slightly.
Post time: Aug-17-2021