SMM review of Petroleum coke market last week

Last week, the shipments of medium and high-sulphur coke were relatively brisk. The price of mainstream smelters was stable, and the coke price of local smelters rose.

According to SMM survey, on July 20, the ex-factory price of Sinopec Tahe Lianhua Co. 1,790 yuan/mt, that of Sinopec Guangzhou Petrochemical was 1,560 yuan/mt, and that of Sinopec Yangzi Petrochemical was 1,580 yuan/mt, flat from the previous week. For local smelters, the price of high-sulphur coke rose this week. According to SMM statistics, the average spot price of high-sulphur coke on July 20 was 1,563 yuan/mt, up 6.11% from a week earlier.

Last week, as the price of petroleum coke continued to rise, downstream companies took a wait-and-see attitude. Shipments from smelters were relatively stable, and traders traded actively. Port petroleum coke inventory was still high even with continued declines. It is expected that petroleum coke prices will consolidate at the current level this week.

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