Brief Overview: Trends and Outlook for China’s Petroleum Coke Market in 2020
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Industry News
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Release time:
2025/11/17
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2020 was an exceptionally special year. Affected by the pandemic, this year posed a tremendous challenge not only for our country and its people but also for the entire world. As the Spring Festival approached, the epidemic once again saw small-scale outbreaks. In the carbon industry, the domestic market experienced unprecedented ups and downs. Due to a variety of factors, the trend of petroleum coke also differed significantly from previous years. The operating rates of delayed coking units in China and the prices of petroleum coke both underwent considerable fluctuations.
2020 This year has been an exceptionally special one. Due to the impact of the pandemic, it has posed a tremendous challenge not only for our country and its people but also for the entire world. As the Spring Festival approaches, the epidemic has once again seen small-scale outbreaks. In the carbon industry, the domestic market has experienced unprecedented ups and downs. Influenced by a variety of factors, the trend of petroleum coke has also differed significantly from previous years. The operating rates of delayed coking units in China and the prices of petroleum coke have both undergone relatively large fluctuations. 。
Due to 2020 At the beginning of the year, the outbreak of the domestic epidemic led to shutdowns and production cuts at refinery units in many regions, resulting in a grim outlook. Under these various factors, the operating rate of delayed coking units showed a marked change compared to previous years. In particular, during March, the operating rate plummeted to its lowest level on record. By the second and third quarters, as global markets and oil prices continued to fluctuate, coupled with the recovery of domestic demand and rising refining profits at refineries, the operating rate of delayed coking units rose rapidly once again. By the end of the third quarter, however, some refineries operated by PetroChina and Sinopec reduced their output due to congestion in finished-product inventories, causing the operating rate of coking units to decline once more. Subsequently, as refineries gradually resumed operations, 2021 This year, the overall trend of the utilization rate has been stable.
Regarding petroleum coke prices, at the end of the first quarter, supply and demand were severely imbalanced, leading to price instability—prices surged sharply only to fall rapidly afterward. Starting from the third quarter, as downstream demand gradually returned to a more rational level, petroleum coke prices began to rise steadily. In the carbon materials market, graphite electrodes and negative electrode materials showed strong market performance in the second half of the year, and low-sulfur coke prices continued to climb. To date, petroleum coke prices have generally been on an upward trend.
Looking at the overall petroleum coke market from last year, this year petroleum coke will continue to be primarily supplied for use by domestic carbon enterprises. Refineries and downstream companies are gradually returning to rationality in their production and export activities, causing coke prices to stabilize. Overall prices are expected to remain higher than before. 2020 Year, the supply of petroleum coke compared to... 2020 There may be a slight increase this year. Currently, market changes are always occurring, and supply and demand remain the primary factors determining market trends.
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Jiasheng
Carbon
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Shanxi Jiasheng Carbon Technology Co., Ltd.
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