Since Q2, influenced by the dual factors of the gradual arrival of in-transit shipments and the weak domestic downstream demand, port inventories have risen rapidly, and the domestic petroleum coke market has shown a trend of abundant supply. Since July, the petroleum coke market has witnessed positive changes. The enthusiasm for stockpiling in the downstream anode material market has significantly increased, while the domestic supply of low-sulphur petroleum coke has decreased. Driven by these two favorable factors, the low-sulphur petroleum coke market has performed well, leading to a continuous recovery in the overall market atmosphere and a subsequent increase in domestic petroleum coke prices. However, due to the uncertainty of tariff policies, domestic traders have adopted a cautious attitude in taking orders, and their enthusiasm for purchasing high-priced overseas market products has declined. Overall, it is expected that the subsequent import volume of petroleum coke will continue to decline.
[SMM Daily Review: Traders and upstream suppliers refuse to budge on prices when shipping goods; high-grade NPI has a price but no market] On July 30, the average price of SMM 8-12% high-grade NPI was 912.5 yuan/mtu (ex-factory, tax included), up 0.5 yuan/mtu from the previous working day...