Petroleum coke market stays volatile in February: monthly review

ICC News: Domestic petroleum coke market was volatile in February. At the Spring Festive, the market underwent stable transition. Both major enterprises and local refineries saw adjustment leading to mixed performance, suggesting lack of clear direction on the market.
On low-sulphur petroleum coke front, refineries run by three major groups appeared to maintain steady although shipment was not satisfactory. According to information compiled by ICC News, actual trading price fell under 1,000 yuan/mt; meanwhile, local refineries' 1#B product dipped from a high level.
On medium-sulphur petroleum coke side, the busy period for coking facilities overhaul was postponed till downstream sectors finished replenishing stocks for post-holiday period. Market supply was stable. Factories made some adjustments largely based on the indexes of products.
On the high-sulphur petroleum coke market, it will continue to remain wait-and-see as detailed rules on imported petroleum coke is still not released.
As of February 29, prevailing price of 1#A is 1,000-1,100 yuan/mt; 1#B is 950-1,000 yuan/mt; 2#A is 1,250 yuan/mt at Sinopec and 830-1,100 yuan/mt at local refineries; 2#B is 980-1,080 yuan/mt at Sinopec and 750-800 yuan/mt at local refineries; 3# is 920-1,000 yuan/mt at Sinopec and 680-720 yuan/mt at local refineries; 4#-5# is prevailingly 500-760 yuan/mt at Sinopec.