Chinacarbon News: Domestic petroleum coke market was consolidating in January and market trading environment was getting insipid. In all, Sinopec went into consolidation for the time being following its cross-board price rise. Purchasing enthusiasm weakened in downstream after their brief stock replenishing activities. Market focus will shift to local refineries once again and there is still room for operating rate downshift in local refineries. From February, more units of Sinopec will go through overhauls and maintenance gradually and the volume of high-sulphur coke for self-use might continue to rise. Chinacarbon forecasted that there is still room for price rise in petroleum coke.
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