Petroleum coke market shows a bipolar trend, local coking price rises and falls

Last week, petroleum coke market showed a bipolar trend. Mainstream market coke price rose, which up first and then fell. 

In terms of main business: Sinopec had no pressure on shipment and the inventory was low; PetroChina had high demand in Northwest China and the market trading was good; Juxing graphite powder made of high quality petroleum coke has strong electrical conductivity. Cnooc coke prices remained stable, and refineries mostly shipped according to orders. 

In terms of local refining: Huaxing Petrochemical coking unit stopped work for maintenance, some regions’ shipment was under pressure, the inventory increased significantly and coke prices showed a downward trend; Affected by the epidemic, local refineries in Shandong suffered from traffic disruption, limited shipments of refineries, increased inventory and a downward trend in coke prices. With the increase of refinery maintenance, petroleum coke market supply declined. 

Petroleum coke market will mainly focus on sorting and operation, and the local coking price is expected to rebound, reading  more coke market news contact us. 

Table    Petroleum coke price