Petcoke operating rates keep falling, output set to accelerate decline in April

China petcoke capacity utilization rate might fall 4.76 percentage points to a five-year low 60.78% in April, with output forecast at 2.28 million tonnes or so, down 9.23% month-on-month and a widening year-on-year decline.

As of April 14, China's weekly average delayed coking capacity utilization rate stood at 60.72%, with weekly output at 535,100 tonnes, down 2.04% month-on-month. April is peak maintenance season, and total monthly output is expected to fall 9.23%, hitting a five-year low. China Petcoke Output and Operating Rate (Unit: '000