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Market bullish on Sept' petroleum coke: Monthly report

Large  Small Date:2014-10-08  Author:ICC
Note: ICC News: Domestic petroleum coke market continued upward trend in September. Local refineries and three major groups all posted mild rise.
ICC News: Domestic petroleum coke market continued upward trend in September. Local refineries and three major groups all posted mild rise.
There wasn't much change on the supply and demand side, and market trading environment were satisfactory.
On the high-sulphur petroleum coke market, domestic coking facilities maintaining at low operating ratio due to prolonged sluggish in product oil caused by falling international crude oil price as well as steady purchases from carbon enterprises with sound capital conditions continued to provide support for high-sulphur petroleum coke market.
However, with electrolytic aluminium prices continuing to drop, it is forecast medium- and high-sulphur petroleum coke market of major units will go though post-rise consolidation in early October.
On the low-sulphur petroleum coke market, with downstream steel market coming to see some positive signs, it continued to provide support for low-sulphur petroleum coke market supply-wise, although low-sulphur petroleum coke enterprises continue to have a hard time operating.
As of Sep 26, prevailing prices of 1#A were 1500-1550 yuan/mt; 1#B were 1270-1400 yuan/mt; 2#A were 1160-1180 yuan/mt  from Sinopec and 1070-1170 yuan/mt from local refineries; 2#B  were 1040-1120 yuan/mt from Sinopec and 950-1000 yuan/mt from local refineries;3# were 990-1040 yuan/mt from Sinopec and 850-920 yuan/mt from local refineries; 4#-5# were 720-1000 yuan/mt on the mainstream and 800-850 yuan/mt on the low end.
 
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