Weekly Review And Forecast Of Petroleum Coke Market

This week witnessed stable shipments for medium- and high-sulphur petroleum cokes. Petroleum coke prices of leading refineries remained stable, while those of private ones stabilised. According to SMM research, October 26 saw stable ex-factory quotations from Tahe Petrochemical at 1,520 yuan/mt, Guangzhou Petrochemical at 1,560 yuan/mt, and Yangzi Petrochemical at 1,580 yuan/mt. According to SMM research, high-sulphur petroleum coke prices averaged 1,509 yuan/mt, down 0.06% from last Thursday. Petroleum coke producers adjusted prices slightly within 100 yuan/mt minus/plus, based on their own shipments. In terms of supply, with few cargo pick-up, petroleum coke inventory at ports stood high, and even inched up amid some goods arriving at ports after the National Day holiday. In addition, ample supply of domestic petroleum coke refineries was felt with few maintenance. On the demand side, there was rigid demand from aluminium-oriented carbon plants. Moreover, demand from anode material market also slumped triggered by reduced orders. Under this circumstance, petroleum coke market may move sideways next week.