SunSirs: China Petroleum Coke Declinedt at the End of April 2025

According to the commodity analysis system of SunSirs, the market for locally refined petroleum coke declined at the end of April. As of April 30th, the price of locally refined petroleum coke in the Shandong market was 2,262.50 RMB/ton, a decrease of 3.93% from 2,355.00 RMB/ton on April 27th.

Recently, the trend of crude oil prices has fallen. On the one hand, there are significant differences within OPEC+ regarding crude oil production, leading to increased uncertainty in the prospects of crude oil supply and mainly low-level fluctuations in the crude oil market. On the other hand, the increase in tariffs by the United States has raised concerns about global demand for crude oil, causing the crude oil market to remain volatile at a low level.

At the end of April, the shipment of petroleum coke from underground refineries was average, and the enthusiasm for downstream procurement was average. Refinery shipments were hindered, and in addition, the benchmark price for pre baked anodes purchased by a certain aluminum plant in Shandong in May decreased compared to April, which limited the support for petroleum coke. As a result, the overall price of petroleum coke from underground refineries fell. Recently, the concentration of coke in the United States has been concentrated in ports, mainly high sulfur coke. The trading of petroleum coke in ports is average, and the port inventory is sufficient. Downstream enterprises maintain essential procurement, and the imported petroleum coke market has declined slightly.

At the end of April, the market for calcined coke slightly declined, with weak upstream petroleum coke market and limited downstream demand, resulting in a slight decline in the market for calcined coke.

At present, the trading in the petroleum coke market is average, and downstream procurement of petroleum coke is cautious at the end of the month. In addition, the benchmark price for pre baked anode procurement has declined, which has limited support for the petroleum coke market. It is expected that petroleum coke will mainly consolidate weakly in the near future.

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