ICC News: Petroleum coke market continued to stabilize with stable performance in market transaction, and there weren't much change in price this month. Sinopec medium and low-sulphur coke were in relatively tight supply,and its high-sulphur petroleum coke remain under pressure to sell. CNOOC's Zhoushan Petrochemical halted production at the end of the month, and it saw good sales performance. Close prices at Huizhou Refineries have dropped 50 yuan/mt to 1,520 yuan/mt, bringing negative impact on the market trading. PetroChina's refineries reported stable performance in shipping.
On the downstream market side, calcined petroleum coke market mostly maintained steady performance embedded with mild volatility, with medium-sulphur calcined petroleum coke close prices slightly going up in Shandong mainly due to mild improvement in downstream aluminum market as well as long-term firmness in medium-sulphur petroleum coke price. However,both low-sulphur and high-sulphur calcined petroleum coke market didn't see much volatility for the time being given stable performances in both cost and shipping. Prices of both low-sulphur and high-sulphur calcined petroleum coke are unlikely to change in the short term and profits will continue to stabilize. Medium-sulphur calcined petroleum coke price is unlikely to change either after this round of mild rise due to stabilizing raw material prices and aluminum market uncertainties.
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