ICC News: Overall petroleum coke market exhibits stable performance this week. As for performance at enterprises with main business in petroleum coke, Sinopec’s Anqing, Jinan, Jinling Petrochemical saw a modest 20 yuan up in 4#B petroleum coke for each ton. Sinopec’s coke output reached 1.14 million tons in Nov, among which, the amount for self-use increased to 256 thousand tons. Forecast holds there will not be much of discrepancies between the figures of Nov and Dec. PetroChina and CNOOC recorded stable prices in trading as well as good performance in shipping of commodities this week.
Calcined coke market is having difficulty getting away from downturn trend. Recent continuing rebounds in petroleum coke market however didn’t play a marked role in aiding calcined coke market. Restricted by saggy demand, downstream graphite electrode sector saw serious condition of production reduction at enterprises, which then result in a less than favorable outlook on the shipping of low-sulphur petroleum coke as well as production reduction. As prebaked carbon anode output maintains stable at present on the back of demands from downstream, sales of medium- and high-sulphur petroleum coke are in slightly better condition while prices remain at low points. Forecast holds calcined coke prices are unlikely to recover later and the market will be stabilizing in weak situation. 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.
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