ICC News: Petroleum coke market continued mix performance in August. Early this month, in low-sulphur petroleum coke market, due to the constriction on the price of PetroChina's 1# petroleum coke in the contract, other low-sulphur petroleum coke arms of PetroChina started to catch up on the downtrend of price. In medium-sulphur petroleum coke market,both units with main business in petroleum coke and local refineries maintained steady, and market supply experienced oscillating consolidation. In high-sulphur petroleum coke market, Sinopec high-sulphur petroleum coke refineries come to interim stabilization following a modest hike in price, while local refineries saw mild pickup in high-sulphur petroleum coke price. In mid-August, the market of mid- and low-sulphur petroleum coke from local refineries started downward trend, with the number of refineries that see price drop rising to around 10. There was even several refineries adopting price-cutting measures to push sales all the time. High-sulphur petroleum coke market remained steady on account of tight supplies. In late August, Sinopec raised the price of high-sulphur petroleum coke by 10-30 yuan/mt, while PetroChina and CNOOC held wait-and-see attitude. To date, prevailing prices for low-sulphur calcined petroleum coke on the low end in northeast region are 2,400-2,975 yuan/mt; medium-sulphur calcined petroleum coke are 1,800-2,400 yuan/mt in north China, 1,700-2,200 yuan/mt in Shandong; high-sulphur calcined petroleum coke are 1,600-1,800 yuan/mt .
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