Petroleum coke market monthly report（11.1-11.30）

ICC News: Overall petroleum coke market is stable and prices stay stable in weak situation throughout November. Early this month, all refineries except Yangzi Petrochemical of Sinopec lowered 3#B petroleum coke by 50yuan/mt; both PetroChina and CNOOC’s quoting prices for petroleum coke are stable. In mid November, market continued to remain stable by and large. Enterprises with main business in petroleum coke present varied trend in petroleum coke. PetroChina posts stable sales in northeast regions and less satisfactory sales in northeast regions. Sinopec’s low-and medium-sulphur coke holds a possibility of further hike in price on the back of reliance on self-use and exports, while high-sulphur coke prices are closing to the alarming line of one thousand yuan as pressured by negativities from all sides. CNOOC’s Zhoushan and Huizhou units raised ex-factory prices by 50 yuan/mt to reach 1,400-1,450 yuan/mt. In late November, the market continued previous performance, with not much of change in the market of all major enterprises. PetroChina’s refineries in northeast saw gradual decline in inventories; Dushanzi and Urumqi petrochemical in western regions reported good performance in sales and stable prices while refineries in Karamay and Brenta saw lower prices and faced pressure for product-selling. The trading prices for 3#B petroleum coke at Sinopec’s Jinling, Yangzi, Qilu and Luoyang units have been reduced to 1,220-1,250 yuan/mt. To date, Sinopec’s 2#A petroleum coke are traded at 1,500-1,550 yuan/mt, 2#B petroleum coke 1,400-1,480 yuan/mt, 3# petroleum coke 1,250-1,300 yuan/mt, high-sulphur petroleum coke are 1,130-1,250 yuan/mt for prevailing quotes and 980-1,000 yuan/mt for low-end quotes.
As regards calcined coke market, in November, prices maintain stable in weak situation as supported by stabilizing petroleum coke market which comprises enterprises with main business in petroleum coke as well as persistent slight rebound in local petroleum coke refinery market over the recent time. With downstream demands remaining lukewarm, calcined coke enterprises are operating based on sales performance and the situations concerning production cuts are unchanged. To date, in northeast region, mainstream trade prices for low-sulphur calcined coke are 2,200-2,650 yuan/mt on the lower end and 2,800-3,000 yuan/mt on the higher end; medium-sulphur calcined coke are 1,800-2,400 yuan/mt in north region and 1,700-2,200 yuan/mt in Shandong; high-sulphur calcined coke are 1,600-1,800 yuan/mt.