Petroleum coke market goes sideways and consolidates in July: monthly report

ICC News: Domestic petroleum coke market gradually went sideways and through consolidation in July; local refinery market posted price fluctuations here and there.
Early in the month, major enterprise market continued to hold steady and watch; some of local refineries still made downward adjustment, although the downward momentum was not as strong as in the second quarter.
In the middle of the month, major enterprises caught up on price falls while local refineries showed signs of rebound here and there.
At the end of the month, petroleum coke market was on downward trend, reflected particularly by price decline at local refineries in fits and starts; even though major enterprises didn't see unified downswing, some refineries reported lower price in contract.
On the low-sulphur petroleum coke side, PetroChina's Dagang Petrochemical made downward adjustment, while local refineries posted modest fluctuation while kept operating ratio steady.
On the medium-sulphur petroleum coke market, major enterprises' subsidiary refineries stayed steady; local refineries were sliding further although yet in a unified state due to the restraint of production reduction and suspension in the downstream.
On the high-sulphur petroleum coke market, imports continued to increase; product indexes of Sinopec high-sulphur petroleum coke was still not stable; local refineries' medium-sulphur petroleum coke started to decline, pointing to a gloomy outlook for high-sulphur products going forward.
As of June 29, prevailing prices of 1#A are 1,000-1,100 yuan/mt; 1#B are 1000-1,050 yuan/mt; 7#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 780-830 yuan/mt at local refineries; 3# are 980-1,000 yuan/mt at Sinopec and 700-750 yuan/mt at local refineries; 4#-5# are prevailingly 500-760 yuan/mt at Sinopec.
Calcined petroleum coke market broadly ran steady this month. Most of manufacturers were going through destocking.
As some of carbon enterprises had cut down production amid end-user market and downstream sector downturn, shipment of calcined petroleum coke wasn't quite smooth in recent time, and many largely looked to ensure the volume of shipment and keep it steady.