ICC News: Domestic petroleum coke market showed no signs of improvement. The downstream market remained dull and the atmosphere of transaction and investment is ok. Some of Sinopec plants revealed discounts on the listed prices one after another. Sources show the price drop ranges from 20 to 50 yuan/mt, and there will be more plants joining the line to adjust prices in succession.
On the local refinery side, Lijin Petrochemical lowered the ex-factory price. Huifeng Petrochemical recently switched to produce shot coke. Kenli Petrochemical's latest quotation for sponge coke is 1,100 yuan/mt with discounts for bulk, and product indexes are improving with sulphur content at 0.6% and ash content at 0.3%.
Overall medium- and high-sulphur petroleum coke market was tepid and overflown with concerning sentiments.
Domestic low-sulphur petroleum coke market was steady on the whole. Only Daqing Petrochemical followed the trend and lowered price by 100 yuan/mt, while others were still in wait-and-see.
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