SMM, November 19: In October, the average price of low-sulphur petroleum coke was 2,452 yuan/mt, up 6.06% MoM. Entering October, due to the previous low prices, shipments of low-sulphur petroleum coke increased, alleviating current inventory pressure. As a result, refineries adjusted coke prices to control the price range, leading to a rebound in low-sulphur petroleum coke prices. In November, overall downstream demand remains weak, but refineries are maintaining product prices, with listing prices showing no significant changes. The price of low-sulphur petroleum coke is expected to remain weak and stable in November.
In October, the average price of oil-based green needle coke was 4,972 yuan/mt, down 0.06% MoM. In October, as the downstream market entered the peak season, the procurement volume of needle coke increased compared to Q3. However, refineries remained cautious, keeping production schedules at low levels to control inventory, resulting in stable prices. In November, downstream procurement is expected to maintain a certain volume, but with some new needle coke capacity coming online, there may be a potential supply surplus. Companies are currently focusing on maintaining stable prices within the current price range. The price of oil-based green needle coke is expected to remain weak and stable in November.
