Weekly Review And Forecast: Petroleum Coke Prices To Fluctuate On A Weak Note

SHANGHAI, Jun 16 (SMM) – This week, the shipments of high-sulphur petroleum coke were modest. The prices of mainstream refineries were stable, while those of private refineries were weak. According to SMM research, on June 15, Tahe Petrochemical’s ex-factory quotation was 1,790 yuan/mt, Guangzhou Petrochemical’s ex-factory quotation was 1,560 yuan/mt, and Yangzi Petrochemical’s ex-factory quotation was 1,580 yuan/mt, which remained stable from the previous week. For private refineries, the high-sulphur petroleum coke prices fluctuated between losses of 0-30 yuan/mt and gains of 0-200 yuan/mt. During the week, due to the inflows of imported petroleum coke into the market, private refineries cut offers, which has aggravated the wait-and-see sentiment of downstream buyers. According to SMM research, the average weekly price of high-sulphur petroleum coke was about 1,473 yuan/mt, a weekly decrease of 10 yuan/mt. On the whole, the inventory of petroleum coke at ports is still high, and downstream enterprises mainly purchased as needed. It is expected that the price of petroleum coke will fluctuate on a weak note in the short term.