There are many types of petroleum coke products, and my country’s market is in a long-term imbalance between supply and demand.

Petroleum coke is a by-product of petroleum refining. It is a black solid coke obtained by converting crude oil through coking processes such as heating, fractionation, thermal cracking, and coking. It has a porous structure and metallic luster. The main component element is carbon and also contains a small amount of hydrogen. , oxygen, nitrogen, sulfur and metallic elements.

According to the appearance and structure of petroleum coke, it can be divided into four categories: needle coke, powder coke, spherical coke and sponge coke. Needle coke is mainly used for high-power graphite electrodes in the steelmaking process; powder coke is mainly used for dust removal, lithium battery anode materials, etc.; spherical coke is mainly used as fuel in cement, power generation and other industries; sponge coke is mainly used in the carbon industry , aluminum smelting industry, etc. According to the different sulfur content of petroleum coke, it can be divided into three categories: low sulfur coke, medium sulfur coke and high sulfur coke. Low-sulfur coke is mainly used for lithium battery anodes, graphite electrodes, high-end prebaked anodes, and other carbon products; medium-sulfur coke is mainly used for ordinary preparation anodes and the aluminum smelting industry; high-sulfur coke is mainly used for reducing agents, smelting, and industrial fuels .

The petroleum coke industry chain includes raw materials such as crude oil in the upstream, production and manufacturing of various types of petroleum coke in the midstream, and application scenarios such as electrolytic aluminum, new energy vehicles, carbon products, power plants, lithium batteries, calcium carbide manufacturing, and cement plants in the downstream.

According to the “China Petroleum Coke Industry Market In-depth Assessment and 2023-2027 Investment Feasibility Consultation Report” released by the Industrial Research Center, From the midstream of the industrial chain, according to data from the National Bureau of Statistics, my country’s petroleum coke production increased year by year from 2018 to 2021, with a compound annual growth rate of 4.8%. Driven by domestic energy conservation and consumption reduction and “dual carbon” policies, my country’s petroleum coke production dropped slightly in 2022 to 30.061 million tons, a year-on-year decrease of 0.8% from 30.295 million tons in 2021. my country’s petroleum coke industry is highly concentrated. In 2022, my country’s petroleum coke production will be mainly concentrated in East China, accounting for more than 55% of the country’s total production, followed by Northeast China, South China, Northwest China, and North China. Among all provinces and cities, Shandong Province’s petroleum coke production ranks first in the country, accounting for more than 35% of the country’s total production. Liaoning Province, Guangdong Province, Zhejiang Province, and Xinjiang Province rank second to fifth respectively.

From the downstream of the industrial chain, my country’s petroleum coke is mainly used in new energy vehicles, electrolytic aluminum, electric power and other industries, concentrated in prebaked anodes and fuels, and is used in small amounts in silicon carbide, carburizing agents, graphite electrodes, negative electrode materials, etc. Among them, prebaked anode accounts for more than 55% of the national petroleum coke consumption and is the main application field of petroleum coke, followed by fuel, accounting for more than 22% of the national petroleum coke consumption.

Industry analysts said that my country is a major consumer of petroleum coke, and the supply and demand of petroleum coke are in a long-term imbalance. Imports are the main source of petroleum coke in my country. source. Sinopec, CNOOC, PetroChina, Donghua Energy, Hengyi Petrochemical, Rongsheng Petrochemical, etc. are the leading companies in my country’s petroleum coke industry. With the continuous advancement of science and technology, the research and development technology of enterprises in the fields of prebaked anodes, negative electrode materials, and graphite electrodes downstream of the industrial chain continues to improve. The demand for petroleum coke in downstream products continues to rise. my country’s petroleum coke supply has been insufficient for a long time, and a certain supply and demand gap may occur in the market. .