Petroleum coke market monthly report（7.1-7.31）

Chinacarbon News: This week, petroleum coke market prices presented active volition, with PetroChina and local refineries showing pronounced performance while Sinopec remaining relatively more conservation. PetroChina’s Jinzhou Petrochemical unit slashed price by 500 yuan/mt in total; Lanzhou Petrochemical lowered price by 50 yuan/mt. Following quite painfully price-cutting activities, purchasing power of downstream has bounced back a bit. This week, products in all specifications at local refinery market continued to pick up, with Boxing Yongxin up by 100 yuan/mt, and Lijin, Jingbo, Binyang, Huifeng Petrochemical all by 50 yuan/mt.
Currently, 2# petroleum coke from Shandong local refineries is traded at 1,550-1,600 yuan/mt, 2#B petroleum coke 1,450-1,500 yuan/mt, 3# petroleum coke 1,300-1,400 yuan/mt, high-sulphur petroleum coke 1,150-1,260 yuan/mt, high-ash coke 950-1,000 yuan/mt. Iccarbon.com forecasted that operating rate among local refineries maintains stable for the time being, while Zhenghe, Changyi, Huaxing and Lijin have all made plans to halt operation, pointing to a good chance of further slip.