This week witnessed moderate shipments for medium- and high-sulphur petroleum cokes.

This week witnessed stable shipments for medium- and high-sulphur petroleum cokes.

Petroleum coke prices moved rangebound during April 10 and May 10, and the market transactions improved compared with the previous month. Downstream carbon plants still purchased as required. Petroleum coke stocks at domestic ports were still at a high level, exceeding 5 million mt to reach a new high as of the week ending May 5.

An aluminium giant in Shandong province lowered its May benchmark purchase prices of prebaked anode by 850 yuan/mt MoM to 4,525 yuan/mt (cash payment). As of May 12, SMM prebaked anode prices stood between 4,525-7,800 yuan/mt in east China and 4,975-5,345 yuan/mt in north-west China.