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Little room exists for petroleum coke price rise: Monthly report

Large  Small Date:2014-11-03

ICC News: Domestic petroleum coke market was going steady this month, with only a hand of refineries raising its ex-work price.
On the low-sulphur petroleum coke market, PetroChina held steady across the board; after Dagang Petrochemical offered preferences to major clients, northeast market has yet see the following price drop, and shipping was ok.
On the medium-sulphur petroleum coke market, price rose a little at Sinopec while it was going steady at PetroChina and CNOOC, and local refineries were gradully entering plateau.
On the high-sulphur petroleum coke market, the support from all aspects for Sinopec's high-sulphur petroleum coke market was limited over recent time.
As of Aug 31, prevailing prices of 1#A were 1550-1600 yuan/mt; 1#B were 1270-1400 yuan/mt; 2#A were 1160-1180 yuan/mt  from Sinopec and 1100-1050 yuan/mt from local refineries; 2#B  were 1040-1120 yuan/mt from Sinopec and 970-1050 yuan/mt from local refineries;3# were 990-1040 yuan/mt from Sinopec and 850-930 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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