Petroleum Coke
Size
According to your requirements
Package
25 kg small bags into ton bags or ton bags
Features
Low ash content and low boiler ash discharge, etc.
Application
Depending on its quality, petroleum coke can be used in industries such as graphite, smelting and chemical industry, etc
Petroleum coke, as a byproduct of petroleum, is produced in the process of petroleum processing, that is, the crude oil is distilled to separate light and heavy oil, and the heavy oil is converted into petroleum coke by hot cracking. If petroleum coke can be obtained directly from petroleum processing, then the petroleum coke is raw coke or ordinary coke. Petroleum coke has irregular shape, dark gray or black, porous structure and metallic luster.
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During the national day, refinery petroleum coke shipments were good, most enterprises shipped according to orders, and the main refinery petroleum coke shipments were generally good. PetroChina low sulfur coke continued to increase at the beginning of the month, the shipments of local refineries were generally stable, and the prices rose and fell. Downstream carbon production is locally limited and the demand is generally stable.
In early October, the price of low sulfur coke of PetroChina in Northeast China rose by 200-400 yuan/ton, and that of Lanzhou Petrochemical in Northwest China rose by 50 during the holiday. The price of other refineries remained stable. The epidemic situation in Xinjiang basically had no impact on the shipment of refineries, and the refineries operated with low inventory. Sinopec’s medium and high sulfur coke and petroleum coke were delivered normally, and the refinery delivered well. Gaoqiao Petrochemical began to shut down the whole plant for maintenance for about 50 days on October 8, affecting the output of about 90000 tons.
CNOOC executed early orders during the holiday period for low sulfur coke, and the shipment remained good, while the output of petroleum coke of Taizhou Petrochemical was still low. The overall shipment of the local petroleum coke market is stable. The petroleum coke price of some refineries first fell and then rose slightly.
During the holidays, the price of high-priced petroleum coke fell by 30-120 yuan/ton, and the price of low-priced petroleum coke increased by 30-250 yuan/ton. The refineries with large increases are mainly due to the improvement of indicators. The coking units shut down in the early stage have resumed operation one after another, the supply of petroleum coke in the local refining market has recovered, the enthusiasm of downstream carbon enterprises to receive goods has been reduced, and the inventory of petroleum coke in the local refining market has rebounded compared with that in the early stage.
In late October, the Sinopec Guangzhou Petrochemical coking unit is expected to be overhauled. Guangzhou Petrochemical Petroleum Coke is mainly for its own use and has few export sales. The coking unit of Shijiazhuang Refinery is expected to start at the end of this month. The output of Jinzhou petrochemical, Jinxi Petrochemical, and Dagang Petrochemical in the northeast of PetroChina refinery remains low, and the production and sales in the northwest are stable. CNOOC Taizhou Petrochemical is expected to resume normal production in the near future.
It is expected that six refineries will start operation in mid to late October, and the operation rate of the local refinery is expected to increase to about 68% by the end of October, an increase of 7.52% compared with that before the festival. Overall, the operating rate of the coking units is expected to reach 60% by the end of October, an increase of 0.56% compared with that before the festival. In October, the output was basically flat month on month. From November to December, the output of petroleum coke increased gradually, and the supply of petroleum coke increased gradually.
Downstream, the price of prebaked anode increased by 380 yuan/ton this month, which is less than the average increase of 500-700 yuan/ton of raw petroleum coke in September. The output of prebaked anode in Shandong Province decreased by 10.89%, that in Inner Mongolia by 13.76%, and that in Hebei Province decreased by 29.03% due to continuous environmental protection and production restriction. Calcined coke plants in Lianyungang, Taizhou, and other places in Jiangsu Province are affected by “power limitation”, and local demand is limited.
The recovery time of the Jiangsu Lianyungang calcined coke plant is to be determined. The output of the Taizhou calcined coke plant is expected to recover in mid-October. The production restriction policy of calcined coke market in 2 + 26 cities is expected to be issued in October. The commercial calcined coke production capacity in “2 + 26” cities is 4.3 million tons, accounting for 32.19% of the total commercial calcined coke production capacity, and the monthly output is 183600 tons, accounting for 29.46% of the total output. Pre-baked anode rose slightly in October, the industry deficit increased again, and some enterprises took the initiative to limit or stop production under high-cost pressure. Due to the frequent increase of policies, the superposition of power restriction, and dual control of energy consumption in the heating season, pre-baked anode enterprises will face pressure on production, and the protective policies for export-oriented enterprises in some regions may be canceled.
The production capacity of the prebaked anode in “2 + 26” cities is 10.99 million tons, accounting for 37.55% of the total production capacity of the prebaked anode, and the monthly production is 663000 tons, accounting for 37.82%. The production capacity of the prebaked anode and calcined coke accounts for a large proportion in the “2 + 26” city. It is expected that the environmental protection and production restriction policy will be strengthened in this year’s Winter Olympic Games, and the downstream demand for petroleum coke will be greatly limited.
With the arrival of the new year in 2023, the tight situation of crude oil quota will be alleviated one after another. It is expected that the capacity utilization rate of local refining delayed coking units will be improved, but the overall increase is difficult to exceed 5%. However, from the perspective of comprehensive refinery profits, the shortage of local petroleum coke resources is difficult to be effectively solved for the time being. In addition, the refineries in Binzhou are still facing the threat of a shutdown, but the refineries are also trying to coordinate, and the final result is not clear.
On the whole, the production reduction downstream is uncertain, the shortage of low sulfur coke resources in the upstream is prominent, and there are hidden dangers of tight coal. Therefore, in the short term, the domestic petroleum coke market is still supported, especially since the price of refined petroleum coke is expected to rise further.
