ICC News: Domestic petroleum coke market prices were soaring in November. A supply crunch of resources has caused all major groups taking turns to raise price. Local refineries led the round of market rally, and major enterprises followed and kept up with the pace of price rise.
On the low-sulphur petroleum coke market, the rally in steel sector far lagged behind the aluminium sector; accordingly, the purchases for low-sulphur petroleum coke were largely made based on needs. Spurred by the uptrend of medium-sulphur petroleum coke, low-sulphur petroleum coke price also edged up this month.
On the medium-sulphur petroleum coke market, local refineries and major enterprises both saw explosive rise this month underpinning by falling operation rate at local refineries.
On the high-sulphur petroleum coke market, amid the uptrend of coal market, local refineries and petroleum coke at the port, high-sulfur petroleum coke market followed the suit.
As of Nov. 30, prevailing prices of 1#A are 1,150-1,250 yuan/mt; 1#B are 1,100-1,150 yuan/mt; 2#A are 1,060-1,100 yuan/mt at Sinopec and 1,150-1,200 yuan/mt at local refineries; 2#B are 950-1,020 yuan/mt at Sinopec and 1,050-1,100 yuan/mt at local refineries; 3# are 950-1,020 yuan/mt at Sinopec and 1,070-1,120 yuan/mt at local refineries; 4#-5# are prevailingly 630-760 yuan/mt at Sinopec.
November's calcined petroleum coke market turnover was stable.
Downstream demand kept stable. Steel and aluminium prices remained at high levels. Calcined petroleum coke products saw growth in both price and volumes. Enterprises have favorable profits.
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