May's petroleum coke market undergoes a move-up in May: monthly report

ICC News: In May, domestic petroleum coke market was moving higher till the last ten days of the month. Major enterprises' market delivered mixed performance and didn't make broad adjustment. 
Local refineries' market pulled backed by the end of the month from earlier peaks in May. There weren't much pressure looking from the current level of inventory.
On the low-sulphur petroleum coke side, three major groups' market kept steady; they continued to make preferential offers based on the quantity to contract buyers.
On the medium-sulphur petroleum coke side, local refineries was moving upwards for most of the time, which is mainly attributed to maintenance activities. Supply and demand at major enterprises kept in balance, and market adjustment overall was limited.
On the high-sulphur petroleum coke side, major enterprises' supply for its own consumption remained stable; the volume of imports edged up. There won't be pressure on market trading in the short term.
As of June 3, prevailing prices of 1#A are 1,000-1,100 yuan/mt; 1#B are 1000-1,500 yuan/mt; 6#A are 1,150 yuan/mt at Sinopec and 1010-1,100 yuan/mt at local refineries; 2#B are 980-1,080 yuan/mt at Sinopec and 930-960 yuan/mt at local refineries; 3# are 980-1,000 yuan/mt at Sinopec and 750-800 yuan/mt at local refineries; 4#-5# are prevailingly 550-760 yuan/mt at Sinopec.
Overall environment for trade was ok on the low-sulphur calcined petroleum coke market. As raw material petroleum coke market was in lack of upward momentum, low-sulphur calcined petroleum coke market didn't dare act rashly but only looked to maintain steady.
Market transaction of medium- and high-sulphur calcined petroleum coke was in sound condition. While orders from downstream sectors continued to come, product profit kept falling. Thanks to the drop in local refineries' petroleum coke price later in the month, profit of calcined petroleum coke started to go up.
As downstream production output kept rather stable, there wasn't much fluctuation on the calcined petroleum coke market and it was still on an upward trend.