Today, the petroleum coke market remained largely stable. This week, CNOOC’s refineries lowered their coke prices in part; in the independent refinery market, shipments varied, and some refineries faced downward pressure on coke prices.

On the Sinopec side, recently refinery petroleum coke shipments have remained stable, with most deliveries being made to fulfill existing orders and meet volume demands. In the South China region, high-sulfur petroleum coke shipments have been primarily driven by volume demand; the Beihai Refinery is shipping petroleum coke under Grade 4#A, Guangzhou Petrochemical is shipping Grade 4# petroleum coke, and Maoming Petrochemical is using all of its petroleum coke internally. In the Yangtze River basin, medium-sulfur petroleum coke shipments are also being made mainly to fulfill orders, with Anqing Petrochemical shipping petroleum coke under Grade 3#A. Today, most refineries under CNPC in Northeast China continued to maintain stable trading activity. Recently, due to the shutdown of calcined coke production for maintenance, Liaohe Petrochemical has seen an increase in external sales of petroleum coke and is once again launching a tender today. In the Northwest region, the petroleum coke market has seen generally moderate shipment volumes; Lanzhou Petrochemical’s petroleum coke specifications have not yet fully recovered, and overall coke prices at various refineries remain stable. Meanwhile, refineries under CNOOC in South China are maintaining stable pricing and shipping this week.

On the local refinery side, today’s market performance for petroleum coke from independent refineries was generally moderate, with most refineries keeping their coke prices stable. Some refineries adjusted their coke prices by 50–60 yuan per ton based on their own shipment conditions. Currently, Jincheng Pellet Coke continues to enjoy relatively good sales, prompting a price increase of 10 yuan per ton. However, the downstream calcined coke market remains weak, and as a result, low- and medium-sulfur petroleum coke in the market continues to face significant selling pressure, leading to price reductions of 50–100 yuan per ton. Among today’s market fluctuations: the sulfur content of petrocoke from Haihua Group has dropped to 3.14%; Fuhai Hualian is shipping today under the 3B specification.

Regarding imported coke, domestic coke prices continue to decline, while the cost of imported sponge coke has turned negative, leading to strong reluctance among traders to sell. Spot supplies of high-sulfur pellet coke are tight, though shipments remain reasonably steady; medium- and low-sulfur pellet coke prices remain stable, with trading activity continuing at current levels.

In the downstream aluminum-carbon market, procurement of petroleum coke remains demand-driven. The silicon carbide industry continues to show demand for high-sulfur pellet coke. The negative-electrode material market exhibits weak purchasing enthusiasm, with trading activity remaining moderate. The graphite electrode market currently sees limited demand and is generally operating in a weak state, with demand for petroleum coke primarily driven by essential needs.

The overall petroleum coke market is experiencing moderate sales. Although downstream demand for petroleum coke remains, the market sentiment remains weak with limited support. It is expected that some petroleum coke prices may still have room to decline tomorrow, by a margin of 10 to 50 yuan per ton. Spot supplies of pellet coke remain tight, and pellet coke prices are forecast to stay stable in the interim.

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