The enthusiasm for downstream procurement is average, and the overall petroleum coke market is weak and stable

    The market as a whole saw average trading volume, the main refinery was weak and maintained stability, and the local coking price partially recovered. In terms of main business: PetroChina's insured sales performance in the Northeast region was acceptable, Sinopec's production and sales were stable, CNOOC's trading was poor, and Binzhou Zhonghai's asphalt coke prices fell sharply. In terms of refining: the overall market operation is weak, and the prices of some enterprises continue to rise, ranging from 50-220 yuan/ton. The price of Youtai Technology's low-sulfur coke is lowered, and the price of Liaoning Huajin high-sulfur coke is lowered. At present, the spot goods at the port are still abundant, and there is no obvious improvement in the favorable pull of the downstream market. It is expected that the short-term petroleum coke market will be dominated by shipments, and the overall weakness will be dominated by shocks.

    At present, the contradiction between supply and demand in the mainland market has not changed. Imported goods are concentrated in Hong Kong. The port inventory continues to remain high. Pessimism about the market outlook is gradually rising. On the whole, the imbalance between supply and demand in the market is still relatively serious. It is expected that the market price of petroleum coke may be weak in the short term. In the later stage, we need to pay attention to the operation of the on-site equipment and the follow-up of downstream demand.