Prebaked Anode Prices Lose Cost Support

SHANGHAI, Mar 27 (SMM) – In terms of raw materials, the prices of petroleum coke kept falling amid poor shipments. Persistently high port stocks kept the overall petroleum coke supply abundant. Petroleum coke prices in north China fell sharply, with wild swing in the prices of low-sulphur petroleum coke. As for state-owned refineries, CNOOC Taizhou Petrochemical and China Offshore Bitumen lowered their offers of low-sulphur petroleum coke by 550 yuan/mt and 500 yuan/mt respectively to 3,350 yuan/mt and 3,500 yuan/mt. Most of the private refineries lowered their offers further, with 50-400 yuan/mt cuts in medium-sulphur petroleum coke prices. Some refineries may continue to cut their quotations.

The market prices of coal tar pitch were in a downward trend.