【Petroleum Coke Carburant】Market Showing Moderate Atmosphere, 

Prices Continue to Fluctuate

Data Source: Oilchem

Regarding costs, the current average price of low-sulfur coke 1# is 2,817 yuan/ton, down by 34 yuan/ton or 1.21% from the previous period; and 2# coke is 2,678 yuan/ton, up by 186 yuan/ton or 7.46% from the previous period. Currently, the domestic petroleum coke prices are fluctuating at a median level, with overall stability prevailing and some refineries raising prices. The main market prices have recently seen active shipments and minor price adjustments. In the local refineries' market, prices for medium to high sulfur coke are following an upward trend, while prices for low sulfur coke remain stable during the transition. The supply-demand imbalance in the domestic petroleum coke market still exists, with a slight reduction in port inventories, but inventory levels remain high. The total domestic supply greatly exceeds demand, and it is expected that petroleum coke prices will continue to fluctuate at low levels in the short term. 

                                                                     Data Source: Oilchem

Regarding prices, the market quotation for low-sulfur calcined coke carburant is 4,600 yuan/ton, down by 100 yuan/ton from the previous period; and the market quotation for graphitized carburant is 4,950 yuan/ton, up by 50 yuan/ton from the previous period. The market quotation for calcined coal carburant is in the range of 2,010 to 3,400 yuan/ton, showing a narrow upward trend in prices from the previous period. The purchasing enthusiasm on the demand side has improved, and the cost of graphitized carburant has risen, leading to better profits for downstream demand steel plants, which has a boosting effect on the carburant market. The cost of calcined coal carburant has also increased slightly due to a narrow rise in the price of raw material anthracite, indicating signs of upward pressure on calcined coal carburant prices in the near term.

                            Data Source: Oilchem

Regarding downstream demand, the average opening rate of independent electric arc furnace steel plants nationwide has slightly increased, and capacity utilization rate has also risen slightly. The main reasons are that a steel plant in North China is in the trial production phase and resumed production this week, but the efficiency is low; a previously shut-down steel plant in South China resumed production on the 10th; and a steel plant in Guizhou, Southwest China, resumed production of the second electric furnace during the week. It is expected that the opening rate and capacity utilization rate of independent electric arc furnace plants may increase slightly next week.

Overall, with raw material prices showing signs of upward pressure and carburant prices experiencing narrow upward trends, the sluggish demand from the downstream sector has resulted in slow export pace. The support in the carburant market is not strong enough, and it is expected that the domestic carburant market will continue to fluctuate at low levels in the near term. For the Carburant Market Analysis and Forecast, feel free to contact with us.