Panorama del mercado de coque de petróleo y coque de petróleo calcinado al 29 de abril.
I. Petroleum Coke Market Today
The domestic petroleum coke market showed an improving trading sentiment today. Mainstream markets remained stable with partial adjustments. Refineries actively fulfilled orders and shipped products. Transaction prices of petroleum coke from local refineries fluctuated mixedly.
1. Domestic Petroleum Coke
· Sinopec refineries executed order contracts with no inventory pressure, and downstream purchasing enthusiasm was moderate.
· PetroChina's low-sulfur coke market maintained stable production and sales. Refineries were fulfilling orders with sound market trading, and transaction prices remained steady.
· CNOOC Taizhou Refinery started maintenance today. Other refineries had low inventories, and bidding prices are expected to rise tomorrow.
· Local refineries saw more price declines than increases, with a downward range of 20-150 yuan/ton:
o Shandong region: Refinery shipments slowed down, downstream purchasing sentiment was cautious with insufficient market support.
o North China (Xinhai Petrochemical): Moderate shipments with a 20 yuan/ton price cut.
o Northeast China: Local refinery prices fluctuated up and down within 50-90 yuan/ton.
2. Imported Petroleum Coke
Market trading slowed down as demand side entered the market cautiously. Spot coke prices at ports fluctuated and fell by 20-30 yuan/ton.
3. Demand Side
· Carbon for aluminum: Moderate trading, stable operation of prebaked anodes provided positive support to the petroleum coke market.
· Carbon for steel: Cautious market sentiment with slowed transaction pace.
· Negative electrode materials: High operating rate maintained stable rigid demand for low-sulfur coke.
4. Product Segmentation
· Low-sulfur coke: Some refineries entered maintenance, leading to a slight short-term supply decrease. Transaction prices are expected to rise moderately by 100-150 yuan/ton.
· Medium-high sulfur coke: Downstream demand was cautious with average trading. Refineries focused on active shipments. Mainstream prices are expected to remain stable, while local refinery prices fluctuated by 10-150 yuan/ton with the market.
II. Calcined Petroleum Coke Market Today
Domestic calcined petroleum coke prices were mainly stable today, with an average price of 3,710 yuan/ton, up 1.38% from the previous working day.
· Low-sulfur calcined coke: Strongly supported by high raw material costs. Demand side was cautious in receiving goods. Enterprises had average production and sales enthusiasm near month-end, keeping prices at a high level.
· Medium-high sulfur calcined coke: Stable operating load of anode market and good operation of negative electrode material market, but weak raw material cost support. Prices remained stable today.
III. Price Forecast
1. Low-sulfur calcined coke: Supported by high raw material prices, downstream mainly purchased on rigid demand, and terminal operation fluctuated upward. Prices are expected to remain strong.
2. Medium-high sulfur calcined coke: Prebaked anode enterprises maintained a 75% operating rate with moderate market support, but weakened by falling raw material prices. Prices are expected to trend weaker.