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Petcoke production set to rise in July on refinery production resumption

Source: Mysteel Jul 17, 2024 11:10
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Petcoke Inventory Production

China's petcoke production might rise in July, mainly owing to petcoke refineries resuming the production, according to OilChem.

 

                    Petcoke Refinery Maintenance Schedule for July (Unit: million tonnes)

Refinery Capacity Maintenance Time Restart Time
PetroChina Dushanzi Petrochemical 1.80 5/15 7/10
Sinopec Qilu Company 3.10 5/12 7/9
ChemChina Zhenghe Group 0.40 5/10 7/10
Sinopec Jingmen Company 1.30 6/18 7/18
Dalian Jinyuan Petrochemical 1.00 6/10 7/15
Sinopec Tianjin Company 3.50 Mid-Jul N/A
Shaanxi Coal Industry Chemical Group Shenmu Tianyuan Chemical Industry 0.50 6/30 7/30
Rizhao Landbridge Port Petrochemical 1.30 7/9 N/A
North Huajin Chemical Industries Group 1.40 7/10 H2 Aug

Source: OilChem

 

As seen from above table that, a total of 5 sets of petcoke units resumed the production in July, involving a total capacity of 7.60 million tonnes/year, although 4 refineries have carried out maintenance, involving a combined capacity of 6.70 million t/y. In addition, some petcoke refineries have raised their production. Therefore, the overall production of petcoke is likely to increase in July.

 

                             China's Petcoke Inventory

1

Source: OilChem

 

The petcoke inventory has shown an uptrend since 2024, especially from mid-to-late February to early March when the figure jumped significantly on weak downstream demand. Although the petcoke inventory dipped by 80,400 tonnes or 1.61% over month to 5.11 million tonnes as of July 12, it still stayed at a high level at present. In the face of rising production, the inventory leve in July will be subject to the demand side.

 

Written by Catherine Sun, sss@oilchem.net

Edited by Aggie Hu, huchenying@mysteel.com

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