ICC News: Early this month, PetroChina's 1# petroleum coke refineries continue to sell under settled prices. Sinopec offered small discount in the north region. CNOOC's Zhoushan Petrochemical resumed production.
Local refineries continued to implement mixed price policies. The number of enterprises going back to production or recently going operational is on the rise. But some refineries still have maintenance plans.
In the middle of the month, PetroChina remained constricted by gloomy situation in downstream, which also implicated Sinopec's low-sulphur coke market while its high-sulphur petroleum coke resource remained tight.
In late July, units with main business in petroleum coke maintained steady performance, while local refineries delivered recovery.
The shipment of low-sulphur petroleum coke remained disappointing as dragged by production cut in downstream. Sinopec's middle-sulphur petroleum coke maintained steady, and local refineries that adopt price rise strategies were on the rise.
Overall, high-sulphur petroleum coke resources remained tight, but high-sulphur petroleum coke is given discounts in the northwest market.
At the end of the month, there wasn't much of improvement in low-sulphur coke sales due to constraints of financial crunch or production cuts in the downstream carbon sector.
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