Petroleum coke inventories are expected to decrease, and the market is actively moving shipments.

In April, the overall trading performance of the petroleum coke market was average, the prices of the main refineries were relatively strong, the inventory remained low, and local refineries were affected by shipments, and the overall average price declined. As of April 20, the price of petroleum coke 3B was 4011 yuan/ton, a decrease of 8 yuan/ton or 0.2% month-on-month.

1. In April, the overall domestic inventory showed a downward trend, and the refinery inventory declined significantly week by week From the perspective of domestic refinery sample inventory, towards the end of April, the high inventory of refineries was 110,100 tons, the sample inventory of petroleum coke refineries showed a downward trend, and the average inventory of refinery samples remained at about 92,700 tons.
In April, some refineries adjusted their output, there was a shutdown operation in the early stage, the overall domestic refinery supply decreased, and the refinery sample inventory was mostly maintained at about 90,000 tons, showing a decreasing trend compared with March, mainly because the inventory of Zhejiang Petrochemical was larger, and there was a warehouse transfer operation this month, so the refinery inventory decreased significantly, and other refineries mostly maintained the volume. As of April 16, the total inventory of domestic refinery samples was 67,200 tons, a decrease of 46,300 tons or 40.79% from the same period in March. In terms of port inventory, as of April 16, the total sample inventory of key domestic ports was 3.9138 million tons, a decrease of 242,700 tons or 5.84% from the same period in March; In April, affected by the fluctuation of domestic refinery prices, port coke shipments were relatively smooth, shipments increased, new imported coke arrivals at ports decreased, and spot inventories declined.

2. In April, the number of raw material inventory days of pre-baked anode sample enterprises fluctuated, and the downstream maintained rigid procurement

As of April 24, the average raw material inventory level of downstream enterprises in the cycle decreased, affected by market sentiment, the price of petroleum coke fluctuated and adjusted, and the overall price of this cycle fell first and then rose, and most downstream enterprises still gave priority to the consumption of raw material inventory. The inventory days of petroleum coke inventory of mainstream domestic pre-roasted anode enterprises in this cycle were adjusted to an average of 27 days, an increase of 1.6 days from the same period in March and a decrease of 0.4 days from the previous cycle. The inventory of raw material petroleum coke of downstream pre-baked anode enterprises is relatively sufficient, and the coke species are relatively rich, and the follow-up procurement plan is mostly to maintain rigid procurement, mainly supplemented by the main refinery, supplemented by local refineries and imported coke. 3. Petroleum coke inventory is expected to decrease, and the market is actively shipping
At present, from the perspective of the opening and shutdown of refineries, the supply of refineries is expected to decrease, and domestic refineries are actively reducing volumes, and the sample inventory of refineries is expected to remain at about 8-90,000 tons, and the inventory is expected to decrease.
In terms of imported coke, key domestic ports are expected to arrive at about 150,000 tons, and imported petroleum coke from the United States, Russia and other places are expected to arrive at the port. Demand-side procurement sentiment is improving, market trading activity has increased, and the total port inventory is expected to slowly decline to about 3.85 million tons.