SMM Petroleum Coke Update: Market Shipments Stable, Prices See Minor Adjustments

Published: Aug 31, 2025 20:11

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[SMM Petroleum Coke Update] This week, the petroleum coke market saw relatively stable shipments. As month-end approached, downstream enterprises exhibited increasing wait-and-see sentiment, while refineries made minor adjustments to petroleum coke prices. Specifically, CNOOC-affiliated refineries reported a slight rise in winning bid prices, with current prices ranging from 3,750-3,800 yuan/mt. Binzhou Petrochemical resumed auctions on Thursday, with the starting bid rising by 100 yuan/mt to 3,700 yuan/mt, according to SMM. PetroChina-affiliated refineries in north-east China maintained smooth shipments, with petroleum coke prices remaining largely stable this week, currently ranging from 3,536-4,451 yuan/mt. Sinopec-affiliated refineries reported moderate shipment performance, with petroleum coke prices largely stable, though some enterprises saw slight increases. Local refineries showed slightly divergent shipment performance during the week, with petroleum coke prices mostly stable. The high-sulphur petroleum coke market performed well, with smooth shipments. Overall, current petroleum coke shipments remain moderate. Despite growing wait-and-see sentiment among downstream buyers as month-end approaches, rigid demand persists. SMM expects petroleum coke prices to trend weakly next week.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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