Domestic supply and demand of petroleum coke

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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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The supply and demand of domestic petroleum coke have been changing, the first half of 2021 is coming to an end. From January to April, the domestic petroleum coke market is strong, and the petroleum coke is rising rapidly. The main reason is that the domestic refineries are centralized maintenance, and the minimum operating rate is only 55.36%, which leads to the shortage of petroleum coke supply. At the same time, the price of the downstream terminal electrolytic aluminum market continues to soar, anode enterprises start well, the demand for petroleum coke continues to increase, and the supply and demand side is good for the petroleum coke market.

In May, the domestic petroleum coke market trading was weaker than the previous period, and the price trend was different, but the overall remained high. With the increase of refinery start-up load, the supply of petroleum coke increased, but the purchasing demand of the downstream market weakened, which led to the price of petroleum coke falling in the latter part of the month.

 

Petroleum Coke

In June, the petroleum coke market may face a new market environment.

Demand-side: affected by the dual control of energy consumption in Inner Mongolia and the power supply in Yunnan, ALD has roughly calculated that at present, the scale of output reduction of electrolytic aluminum enterprises in the two places has exceeded 500000 tons, including about 400000 tons in Yunnan. If the double control policy of power limit and energy consumption continues to increase, it is expected that the electrolytic aluminum production capacity of over one million tons will be affected, and the petroleum coke production of 620000-630000 tons/year will be affected at that time.

Petroleum Coke

On the supply side: since late May, a large number of delayed coking units for preliminary maintenance have been started in succession, and the operation rate of domestic refineries is still expected to rise slightly in June, so the output of Petroleum Coke will continue to increase. With the increase of domestic petroleum coke production, imported petroleum coke is still arriving in Hong Kong. According to ALD statistics, by the end of May, the port inventory of imported petroleum coke had risen to about 1.8 million tons, and the overall supply of petroleum coke was relatively loose.

To sum up, the overall supply of domestic petroleum coke will maintain a loose situation in the future, but the overall demand may be weaker than that in the early stage, so the trend of Petroleum Coke will also tend to be weak, especially the price of medium and high sulfur petroleum coke may fall.