Petroleum coke market monthly report（10.19-10.25）

ICC News: In October, petroleum coke market performed more actively than last month in general.
Early this month, domestic petroleum coke market delivered mixed performance, with high-sulphur petroleum coke and low-and medium-sulphur petroleum coke going complete opposite directions. Sinopec's market has been the focus in petroleum coke market.
Specifically, on the low-sulphur coke side, PetroChina's Daqing Petrochemical underwent slight price rise, while prices at local refineries and Sinopec's high-end low-sulphure petroleum coke units went downward.
On the medium-sulphur petroleum coke side, indexes of local medium-sulphur petroleum coke went through frequent change, while PetroChina and CNOOC marekt hold steady, and Sinopec lowered product price by 30-50 yuan/mt.
On the high-sulphur petroleum coke side, tight supply of resources plus policy guidelines have shored up the market. Sinopec's high-sulphur petroleum coke prices went slightly up 10-20 yuan/mt.
In the middle of the month, domestic petroleum coke market continued the performance as it went through in previous weeks, with high-sulphur petroleum coke maintaining favorable upward momentum while low-and medium-sulphur petroleum coke still stuck in dullness.

For the last ten days of October, domestic petroleum coke market come across inflection  point, with high-sulphur petroleum coke entering plateau from uptrend while low- and medium-sulphur petroleum coke continuing to do downward although at a slower rate.
On the downstream market side, to date, prevailing prices for low-sulphur calcined petroleum coke on the  low end in northeast region are 2,200-2,700 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.