Price-pushing of domestic oil coke focused on NE-China this week.

 

    On low sulfur oil coke: supported by the small sales quantities in Jinxi PC and

forecasted maintenance in Daqing PC in July ,in low sulfur oil coke market, prices still increased largely, the market and downstream supply were very good,and the prevailing price had reached Yuan 4,000/mt,the strong supply and demand factor would once again push the prices.

    On medium sulfur oil coke: the prevailing price was at Yuan 2,700-2,750/mt in market, the  viewing sentiment still existed with reduced downstream supply, and the continuing price-pushing made the downstream industries absorb and digest not well, and the downstream products prices did not follow up timely, which made some medium sulfur carbon plants shut down or decease output. Refineries which had bad shipments were worse with high inventory. Refineries along Yangtze River were preparing to export, and then domestic resources would be tight.  Some related people said that although Sinopec once again published the price-pushing notice, considering the newly built unit put to use, the specific situation of refineries & the development of oil coke industry, the current price would sustain foe a period of time.

 

    Adjustment of price according to the market in the late third quarter or early fourth quarter would be a good idea. In Shandong market, the current price was at about Yuan 2,450/mt, though there still was increasing space, but the relatively rational price would indicate a steady situation recently.

 

    On high sulfur oil coke: The downstream viewing atmosphere was most prominent and additionally attacked by the low price of Domestic Gaoqiao PC& Shanghai PC and the imported high sulfur oil coke, and the newly built coking unit also gradually put into use. Demand increased a little, the market operated more difficultly, many big refineries decreased prices to promote sales based on the high inventory level, this week the transportation were unsmooth, therefore it was anticipated that the high sulfur oil coke market would had a stable price : Yuan 2,050-2,100/mt, and the melting industries in S-China entered midseason, which uphold the oil coke market well.