Chinacarbon News: This month, domestic petroleum coke market maintained short-term uptrend, while the range of price rise is very limited from an overall perspective. CNOOC’s petrochemical has entered the phase for maintenance and checks. Right now Shandong local refineries produce around 9,700 tons of petroleum coke every day, and operating rate was under 50%, only posting a low level 49.62%. Market supplies are in relative strained situation. Sinopec announced to lower the prices of low-and medium-sulphur petroleum coke by 30 RMB/mt. In local refineries market, price rise was not caused by the push of Sinopec’s move, but was driven by the maintenance arrangement in refineries in all regions. At present, Sinopec’s 2#A petroleum coke were settled at 1,910-1,980 RMB/mt; 2#B petroleum coke were at 1,860-1,920 RMB/mt; 3# were sold at 1,730-1,780 RMB/mt.
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