This Week, Refinery Petroleum Coke Prices Remained Stable with Slight Adjustments, and Low-Sulphur Petroleum Coke Prices Rose Slightly [SMM Analysis]

SMM, January 5:

This week, refinery petroleum coke prices remained generally stable. Prices of low-sulphur petroleum coke were relatively firm, with a slight rise during the week, while prices of medium- and high-sulphur petroleum coke weakened slightly, with overall stable sales.

Specifically, petroleum coke prices at CNOOC's refineries remained unchanged this week. PetroChina's refinery petroleum coke prices in north-east China rose slightly by 100-160 yuan/mt, while Dagang Petrochemical in north China lowered its petroleum coke price by 80 yuan/mt, with the current price at 3,200 yuan/mt. For Sinopec, petroleum coke prices in the Yangtze River region were slightly increased, with adjustments ranging from 30-50 yuan/mt. Local refineries saw average sales performance, leading to a slight weakening in petroleum coke prices. As of this Friday, the average price of petroleum coke at local refineries was approximately 1,877 yuan/mt, down 0.27% from last Friday.

With the Chinese New Year holiday approaching, many downstream enterprises have stockpiled in advance, mainly to meet immediate demand at this stage. In the short term, petroleum coke prices are expected to remain stable with slight adjustments.