ICC News: Price on domestic petroleum coke market was transitioning from decline to stabilization in September. Major enterprises continued to see price drop, while local refineries market started to see signs of stabilization in this month following the bottom-out.For low-sulphur petroleum coke market, downstream steel sector didn't have much positive signs in sight, which in turn put calcined low-sulphur petroleum manufactures in a tough position. PetroChina's low-sulphur petroleum coke market continued to linger at low levels.
On the medium-sulphur petroleum coke market, major enterprises lowered price looking to fill the price gap with local refineries, while some products from local refineries that had big drop before bounced back a bit. In late September, most local refineries maintained inventories at reasonable level.
On the high-sulphur petroleum coke market, regulation for environmental protection concerns has increasingly intensified, the volume of high-sulfur petroleum coke remained stable. High-sulphur petroleum coke is often purchased along with low- and medium-sulphur petroleum coke products by the downstream sector. Negative factors of environmental concerns continued to cloud high-sulphur petroleum coke market.
As of September 30, mainstay price of 1#A is 1,000-1,100 yuan/mt; 1#B is 1,030-1,100 yuan/mt; 2#A is 1,280 yuan/mt from Sinopec and 1,180-1,250 yuan/mt from local refineries; 2#B is 1,080-1,130 yuan/mt from Sinopec and 920-1,000 yuan/mt from local refineries; 3# is 920-1,030 yuan/mt from Sinopec and 700-850 yuan/mt from local refineries; 4#-5# is 600-780 yuan/mt from Sinopec.
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