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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On the first working day of 2023, the price of refined petroleum coke in Shandong soared, especially the price of low sulfur petroleum coke. At the end of 2021, due to the tight quota of locally refined crude oil and the comprehensive factors of refinery profits, most of them are processing high sulfur crude oil, and the index of locally refined petroleum coke obviously tends to high vulcanization. Superimposed on the reduction of imported low sulfur coke resources and the production reduction of some low sulfur petroleum coke production enterprises, the low sulfur petroleum coke resources are extremely tight.
From the price trend chart of Shandong local refined petroleum coke from 2021 to 2022, the price of locally refined petroleum coke basically fell to a low point from the beginning of December 2021, and the petroleum coke inventory of downstream enterprises was basically at a low level. After more than two months of sharp decline, the price of locally refined petroleum coke showed signs of stabilizing. Downstream enterprises began to replenish inventory one after another, and the shipment of locally refined petroleum coke suddenly improved. With the improvement of shipment, the price began to rise. In addition, since the end of December, the downstream news about the production reduction of the Winter Olympic Games has been delayed, supported by the news that the production reduction is less than expected. The change of market purchasing sentiment has triggered a sharp rise in the price of locally refined petroleum coke. However, it can also be seen from Figure 1 that the price rebound of 2A petroleum coke is significantly higher than that of 3b and 4a. Let’s take a specific look at the price rise of various types of petroleum coke.
From the price trend chart of Shandong local refined petroleum coke from 2022 to 2023, the price of locally refined petroleum coke basically fell to a low point from the beginning of December 2021, and the petroleum coke inventory of downstream enterprises was basically at a low level. After more than two months of sharp decline, the price of local refined petroleum coke showed signs of stabilizing. Downstream enterprises began to replenish inventory one after another, and the shipment of locally refined petroleum coke suddenly improved. With the improvement of shipment, the price began to rise. In addition, since the end of December, the downstream news about the production reduction of the Winter Olympic Games has been delayed, supported by the news that the production reduction is less than expected. The change of market purchasing sentiment has triggered a sharp rise in the price of locally refined petroleum coke. However, it can also be seen from Figure 1 that the price rebound of 2A petroleum coke is significantly higher than that of 3b and 4a. Let’s take a specific look at the price rise of various types of petroleum coke.
After recent price increases, the price of 2a-2b petroleum coke has increased by more than 1000 yuan/ton compared with that in early December 2022, and the price of 3a-4a petroleum coke has increased by 471-801 yuan/ton. In other words, compared with the highest price in 2021, the price of 2a and 2b petroleum coke of Shandong local refining company has exceeded the highest price in 2021, and the price difference of 3a-4a petroleum coke is 612-863 yuan/ton compared with the highest price in 2021. It can also be seen that there is a serious shortage of low sulfur petroleum coke resources in the current domestic petroleum coke supply structure.
In terms of the capacity utilization rate of the local refining delayed coking unit in 2022, the highest point in the year occurred at the end of November, reaching 71.51%. Up to now, the capacity utilization rate of the local refining delayed coking unit is 66.15%. The main reason for the decline of capacity utilization of local refining delayed coking units in December is that on the one hand, the quota of local refining crude oil is tight, on the other hand, the local refining tax has affected the unit start-up of some enterprises.
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.
