Petroleum coke prices drop amid ample supply

Published: Nov 3, 2023 14:42

Source: SMM

Save

This week witnessed moderate shipments for medium- and high-sulphur petroleum cokes.

This week witnessed moderate shipments for medium- and high-sulphur petroleum cokes. Leading refineries actively shipped goods, while private ones gently lowered prices. According to SMM research, November 2 saw stable ex-factory quotations from Tahe Petrochemical at 1,390 yuan/mt, Guangzhou Petrochemical at 1,400 yuan/mt, and Yangzi Petrochemical at 1,460 yuan/mt. The average price dropped by 8.8% WoW. High-sulphur petroleum coke market swung on a subdued note during the week, with prices averaging 1,488 yuan/mt, down 1.39% WoW, according to SMM research. Enterprises adjusted prices slightly based on their own shipments, with the adjustment range within 100 yuan/mt. Ample petroleum coke supply was felt amid high inventory at ports and less domestic maintenance of refineries. From a demand perspective, prebaked anode prices dipped, and aluminium production cuts were reported in Yunnan. Aluminium-oriented carbon plants were less enthusiastic about purchasing. Shrinking orders discouraged anode materials plants from purchasing. Petroleum coke market may swing in weakness next week.

Market forecast Market review

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 hour ago

【SMM Analysis】High Costs Worsen Loss Risks, Limited Demand Release Keeps Ferrochrome Stable

As of March 31, faced with upward cost pressure from high chromium ore prices, most ferrochrome producers have planned maintenance and output cuts recently. The supply-demand relationship of ferrochrome is expected to gradually adjust to a tight balance in the outlook.

1 hour ago

Mar 30, 2026 15:23

[SMM Analysis] What Drove Global Tungsten Markets in March? Offshore Prices Up 30%, China Enters Consolidation

In March, European APT prices surged 30%, driven by persistent supply shortages, widening the price gap with China to over $400/mtu. Tungsten scrap markets saw panic selling mid-month but stabilized toward month-end. China entered a consolidation phase as mining quota were released, yet strong fundamentals point to renewed upside ahead.

Mar 30, 2026 15:23

Mar 30, 2026 13:59

Shandong Humon Launches Open Bid for 33 Tons of Electronic-Grade Sodium Antimonate, Pickup by April 20, 2026

SMM, March 30: SMM learned that Shandong Humon will launch an open bid sale for its electronic-grade sodium antimonate, effective today. The quantity is 33 metric tons (subject to the seller's actual quantity), with dobie packaging. The delivery method is buyer pickup, with freight borne by the buyer. Transportation must comply with national regulations using fully licensed hazardous chemical vehicles. The buyer must pick up the goods before April 20, 2026, at the delivery location of Shandong Humon Smelting Co., Ltd.

Mar 30, 2026 13:59