In October, the petroleum coke market went up in shock, while the output of petroleum coke remained low. The price of aluminum carbon went up, and the demand for aluminum carbon, steel carbon, and cathode carbon block maintained support for petroleum coke. The overall price of petroleum coke went up, and some varieties were affected by the downstream limit vanadium news, causing short-term price fluctuations. Sinopec coke price increased 30-110 yuan/ton, PETROCHINA coke price increased 50-800 yuan/ton, CNOOC part increased 100-200 yuan/ton, and local coking price increased 50-220 yuan/ton.
Analysis of main influencing factors of petroleum coke market in October: 1. Sinopec’s petroleum coke output is low, and local refineries’ petroleum coke output fluctuates with each other. Petrochina’s petroleum coke output is expected to increase slightly, while Cnooc’s output is basically stable, and the overall output growth is expected to be limited, and the low domestic petroleum coke output continues to support the upward market price. Second, the demand of downstream electrolytic aluminum, carbon and negative electrode maintained stable support, and the output of low-sulfur coke in some refineries was low with significant increase. In October, the news of The Limit of vanadium in Weiqiao, Shandong had a certain impact on the surrounding petroleum coke market in the short term. The sales and prices of some high vanadium petroleum coke fluctuated in the short term in the middle of the month. Due to the low overall inventory in the downstream, the demand for petroleum coke was strong. Third, the outer dish sponge coke price continues to increase, the port spot price is also higher
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Post time: Nov-16-2020