On the low-sulphur petroleum coke market, five northern units of Sinopec cut down prices to promote sales in early July. PetroChina's market maintained tentatively stable. Prices at Local refineries continued to go downward, and they were shifting frequently between operation and suspension. In mid July, price rise plan of 1#A petroleum coke was shelved due to constrictions in the raw material purchasing by Fushun Petrochemical.
Toward the month end, 1#A petroleum coke market continued to maintain steady, while local refineries and several Sinopec's refineries that had high prices made mild downward adjustments.
On the high-sulphur petroleum coke market, there was much adjustment from Sinopec in early July, and local refineries followed the suit. In mid July, shipping was ok at three major groups who didn't have intentions to adjust price at that time, and closing prices at local refineries maintained same.
On the high-sulphur petroleum coke side, the shipment of high-sulphur petroleum coke was better than that of low- and medium-sulphur petroleum coke, and there wasn't much price adjustment at local refineries.
Toward the month end, on the medium-sulphur petroleum coke market, the subsidiary refineries of all groups carried out price adjustment according to their own conditions.
Overall high-sulphur petroleum coke market maintained steady mostly. Sinopec's Tianjin and Tahe Petrochemicals showed mixed performance while local refineries maintained steady at low levels.
As of Jul 31, prevailing prices of 1#A were 1300-1400 yuan/mt; 1#B were 1050-1200 yuan/mt; 2#A were 1120-1140 yuan/mt from Sinopec and 1010-1130 yuan/mt from local refineries; 2#B were 1040-1120 yuan/mt from Sinopec and 900-920 yuan/mt from local refineries；3# were 980-1030 yuan/mt from Sinopec and 750-820 yuan/mt from local refineries; 4#-5# were 720-910 yuan/mt on the mainstream and 690-700 yuan/mt on the low end.
CONTACT US
ICC APP
