June's petroleum coke market performance presents in stages: monthly report

ICC News: Domestic petroleum coke market underwent several stages in performance in June. After fumbling through the first ten days of June, the market abruptly slipped into decline in the middle and last ten days of June before it gradually stopped falling and started stabilizing in late June as more local refineries were arranging to conduct maintenance.
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' price was falling for most of the time, which in a large part triggered an overall decline in price in June; major enterprises kept balance in supply and demand, although its price was also held back by the price drop at local refineries. Overall market adjustment, however, is limited.
On the high-sulphur petroleum coke side, major enterprises' supply for its own consumption remained stable, while the volume of imports picked up. Price of medium-sulphur petroleum coke was in decline in the country, while high-sulphur petroleum coke continued to face pressure.
As of June 30, prevailing prices of 1#A are 1,000-1,100 yuan/mt; 1#B are 1000-1,050 yuan/mt; 6#A are 1,150 yuan/mt at Sinopec and 1020-1,080 yuan/mt at local refineries; 2#B are 980-1,080 yuan/mt at Sinopec and 860-890 yuan/mt at local refineries; 3# are 980-1,000 yuan/mt at Sinopec and 720-770 yuan/mt at local refineries; 4#-5# are prevailingly 550-760 yuan/mt at Sinopec.
The level of inventory at port was ok in June, with a total volume of around 1.03 millions.
With raw material petroleum coke embarking on downward path, price of calcined petroleum coke followed the trend although the sales still kept stable. Market price will be inevitably go through further adjustment going forward.
As for low-sulphur calcined petroleum coke, the trading was ok;  sluggish downstream market performance brought about unfavorable restraint to the market.
Market sales of medium-and high-calcined petroleum coke were stable; demand from downstream and order intake were also fine.