SMM

SHANGHAI, May 19 (SMM) –Affected by sluggish refined oil prices, some petroleum coke refineries slightly lowered their production. This, coupled with maintenance by some refineries, caused market supply to shrink. The prices of high-sulphur petroleum coke rose slightly amid strong shipments. According to SMM research, the ex-factory quotation of Tahe Petrochemical was 1,770 yuan/mt on May 16, which was stable week-on-week, versus 1,410 yuan/mt by Guangzhou Petrochemical (+3.68%), 1,560 yuan/mt by Yangzi Petrochemical (+4.7%). High port stocks will prevent petroleum coke prices from rising sharply. It is expected that the prices of high-sulphur petroleum coke will fluctuate narrowly in the short term.