Últimos precios del coque de petróleo: ¡en general estables! La entrada al mercado downstream continúa con adquisiciones esenciales
Market overview
On August 29th, the average price of petroleum coke in the market was 1731 yuan/ton, which remained stable compared to the previous working day. Today, the overall trading in the petroleum coke market has stabilized, with downstream companies maintaining essential procurement. Some refineries have adjusted coke prices based on shipments, with a range of 10-100 yuan/ton.
Transaction prices in major regional markets
Today, the prices of Sinopec's refineries remained stable, with stable production of 4A petroleum coke from Beihai refineries in South China and no pressure on shipments. Maoming Petrochemical's petroleum coke is self used, and Guangzhou Petrochemical's petroleum coke is partially self used, with frequent fluctuations in indicators. Tahe Petrochemical's petroleum coke has been steadily priced and shipped in the northwest region. Today, the prices of petroleum coke from PetroChina's refineries remained stable and traded, while prices in the Northeast region temporarily remained stable and increased in volume. The petroleum coke market in the northwest region continues to experience stable trading, while the demand for coke from silicon enterprises remains average, with aluminum shipments being the main focus. The export of Guangdong Petrochemical in southern China has decreased. Today, CNOOC's refineries shipped petroleum coke according to orders, and the demand for carbon for aluminum slightly improved, while the performance of coke for negative electrode materials was average. In terms of local refineries, the mainstream of the petroleum coke market remains stable today, with some coke prices fluctuating. At present, the downstream petroleum coke market is still dominated by essential procurement, and most refineries maintain a balance between production and sales, with stable shipments. Some low-priced petroleum coke shipments have performed well, with a slight increase of 20 yuan/ton in price. Some refineries have also lowered coke prices by 10-100 yuan/ton due to higher prices or deteriorating indicators to balance shipments. Today's market volatility: The sulfur content of Panjin Baolai Phase I petroleum coke has dropped to 4.5%, while the sulfur content of Phase II has risen to 3.3%; Shengxing Chemical's petroleum coke sulfur content has increased to 8.0%. In terms of imported coke, the supply-demand contradiction in the silicon metal market remains sharp, and the demand for raw materials is weak. The spot trading of Formosa Plastics coke is still under pressure.
Supply side
As of August 29th, there were 14 routine maintenance operations for coking units nationwide, with a daily production of 87225 tons of petroleum coke and a coking operation rate of 68.78%, a decrease of 0.28% compared to the previous working day.
In terms of demand
The downstream aluminum carbon market is operating steadily, maintaining essential procurement for petroleum coke; The demand for negative electrode materials is poor, and there is continuous competition for orders among enterprises, so caution is exercised in the procurement of raw material petroleum coke; The demand for graphite electrodes is difficult to improve, and the procurement of petroleum coke is limited; The demand for high sulfur pellet coke in the silicon carbide industry and the southern fuel market still exists.
Future forecast
The trading of petroleum coke market is stable, and refinery inventories remain low. However, the downstream market situation is still average, which has limited support for the petroleum coke market. Therefore, Baichuan Yingfu expects that the market price of petroleum coke will continue to operate weakly and steadily tomorrow, with some refineries experiencing fluctuations of 10-50 yuan/ton. Baichuan Yingfu expects that the price of pellet coke will continue to remain stable in the near future.