ICC News: Domestic petroleum coke market reflected a downward trend overall in December. Early this month, PetroChina saw large-scale price cut with a range of 100-150 yuan/mt and a part of its refineries sell products at prices that they first paid for them.
Early December mostly saw local refineries make downward adjustments to price one after another. In Mid-December, some of refineries in northwest regions reported price drop as commodities deliveries went less than smooth.
Entering late December, local refineries started to stabilize. Sinopec revealed a large preferential margin of 80-120 yuan/mt, and PetroChina that previously adopted prices at parity with what they paid unveiled settlement prices with a preferential margin ranging variably from 50-150 yuan/mt.
On the downstream market front,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.
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