SunSirs: China Refined Petroleum Poke Market Rose Last Week

According to the commodity analysis system of SunSirs, the market for locally refined petroleum coke fell sharply last week. As of December 26th, the price of locally refined petroleum coke in the Shandong market was 2,540.75 RMB/ton, an increase of 3.99% from 2,443.25 RMB/ton on December 22nd.

Last week, the international crude oil market rose, mainly due to the continued tense atmosphere of the US Venezuela situation, and the increasing instability of the Russia Ukraine situation. Concerns about potential supply risks are difficult to dispel, and international oil prices have risen.

Last week, the overall price of petroleum coke in the local refining industry rose, with average shipments from refineries. Refinery petroleum coke prices fluctuated, and some refineries adjusted their indicators, resulting in significant changes in coke prices with the indicators; Downstream procurement is mainly based on demand, with limited support for the petroleum coke market. Last week, there were many ships arriving at the port, with high sulfur sponge coke being the most common. The shipping speed at the port was relatively slow, and the inventory of petroleum coke at the port increased slightly.

Last week, the market for medium and high sulfur calcined coke saw a slight increase, mainly due to the rise in upstream petroleum coke prices. Downstream purchases remained cautious, and companies were cautious about new orders. The price of medium and high sulfur calcined coke remained stable.

Currently, the transaction volume of petroleum coke in the local refining industry is average, and downstream aluminum carbon enterprises are operating well overall. The procurement of petroleum coke remains stable, and the demand for pre baked anodes is relatively stable. It is expected that petroleum coke will be consolidated in a narrow range in the near future.

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