Petroleum coke market monthly report（10.1-10.31）

Chinacarbon News: Since October, petroleum coke market has gone through the phase from stability to fluctuation. The process is as follows. In early October, petroleum coke market was running relatively steady. Most northeast refineries of PetroChina reported smooth shipment. Refinery and sales companies of Sinopec released “reviews” on October 11 on performance of high-sulphur petroleum coke over past ten days and offered favorable measures by lowering price by 30 to 80 yuan/mt. Petroleum coke market of local refineries kept stable after the Nation Day holiday, only few refineries saw improvement in shipment. And refineries with stable quotes actually lowered the actual selling price to some extent and most refineries reported middle level in inventories. During the middle ten days of October, quotes from refineries with main business in petroleum coke stayed stable on the whole and overall local refineries were in stability with only several refineries made adjustments to their quotes. Sinopec low-and medium-sulphur petroleum coke posted good performance in shipment and high-sulphur petroleum coke market is dependent on refineries increasing the rate of self-consumption. PetroChina medium-sulphur petroleum coke had a easy time mapping out plan for sales, which aimed at exports or supplying Chinalco.
Regarding local refineries, plants with products at low price saw improvement in shipment, and most refineries launch stimulate shipment by offering major favorable measures. Amid international economic woes and domestic tightened capital issues, petroleum coke market was prevailed by bearish factors. As entering later October, operating rate went up and previous tight situation in supply of low-and medium sulphur petroleum coke resources has eased a bit. Sinopec saw stable petroleum coke shipment. According to related resources, Sinopec revealed on October 24 favorable listing prices for high-sulphur petroleum coke, with a cut of 30 to 100 yuan/mt. PetroChina also lowered the 1#A petroleum coke prices at Daqing Petrochemical and Dagang oilfield by 150 to 200 yuan/mt on October 28. In the meantime, Shangdong local refineries have come into all-broad stability. Currently, at Shandong local refineries, 1#B petroleum coke are sold at 2,200-2,400 yuan/mt; 2#A petroleum coke are at 1,850 yuan/mt; 2#B petroleum coke are at 1,650-1,700 yuan/mt; 3#-4# are sold at 1,500-1,550 yuan/mt. High-ash petroleum coke are at 1,350 to 1,450 yuan/mt.