ICC News: Overall PetroChina and CNOOC's petroleum coke market were steady in early September. On the low-sulphur petroleum coke side, Petrochina's Dagang Petrochemical caught up on the downtrend of price, and low-sulphur coke at local refineries and Sinopec also joined the list of price-dropping products.
On the medium-sulphur petroleum coke side, the downward trend continues in local refineries market, and there wasn't much of change in supply-demand conditions at other units, and the market performed steadily.
On the high-sulphur petroleum coke side, Sinopec raised prices for high-sulphur petroelum coke across board from August 31, and sales at local refineries were in good condition.
Late this month, as the National Day holiday draws near, units with main operation in petroleum coke find inventories at low levels, while local refineries still feel the stress of stockpiles.
In recent time, petroleum coke prices in the country were stable. Industry practitioners are mostly concerned about the impact of imports tariff adjustment of high-sulphur petroleum coke on the market.
In the downstream market, calcined petroleum coke market perform steadily in September.
At present, low-sulphur petroleum coke prices average at around 2,457 yuan/mt. Lately, prices of some Sinopec high-sulphur petroleum coke have increased by around 20 yuan/mt, mostly taking place in southern regions, which although didn't have much impact on overall low- and medium-sulphur calcined petroleum coke.
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