ICC News: Petroleum coke market showed vibrant performance this month, with overall market presenting upward momentum once again. Following twice across-board rises in price, early this month, Sinopec’s affiliated refineries recorded regular activities in sales, and its relatively light inventories continued to provide firm support for petroleum coke market. CNOOC didn’t see much change in its operating rate, with its Huizhou refineries raised the price by 20yuan/mt to 1,620 yuan/mt. The PetroChina reported steady shipment. In early March, PetroChina’s Yumen refinery raised product prices by 50 yuan/mt, Dushanzi raised 2#B-3#A petroleum coke quotes by 50 yuan/mt to 1,750 yuan/mt, and offered substantial discount upon transaction. Overall operating rate at PetroChina also dropped while the volume of supply remains stable. Overall Sinopec’s market maintains stable at the moment, and sales are stable. In mid-March, Sinopec gave a lift to petroleum coke prices at a part of its refineries on March 18, with refineries in areas along the Yangtze River seeing a rise of 10-30 yuan/mt, Shanghai Petrochemical 30 yuan/mt, Tahe 40 yuan/mt, Tianjin Petrochemical 50 yuan/mt. Sinopec carried out a mild price rise for most of its high-sulphur fineries by 10-20 yuan/mt on March 21. Petroleum coke market concerning PetroChina and CNOOC maintained steady and downstream enterprises took over delivery of goods in fine mood. In late March, overall domestic market was consolidating most of the time, and prices at three major groups stayed stable.
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