Turkmenistan’s biggest oil refinery Turkmenbashy has sold 30.000 Mt of green petroleum coke on 19 February, price for the lot has increased 173 USD per MT or more than 3 times from the previous tender, DYM Resources data shows.
During the tender record-high 17 companies were competing for the lot, instantly push price to its highest level in many years. Prices for Turkmenbashy petroleum coke were largely stable during 2014-2017. Current price increase follows global trend in low-sulphur petroleum coke market started in 2017 as demand for the product from aluminum and metallurgical industries are growing,
“We have seen significant price increase for graphitized electrodes in 2017. Turkmen petcoke is an alternative to needle petcoke in current market conditions and also a good option for aluminum smelters to optimize their costs by blending with cheap high sulfur petcoke” – says Yury Burenko petcoke trading director at DYM RESOURCES.
Yesterday’s tender was the first petcoke offer in the last 7 months.
The whole 30’000 tons cargo was sold to a single buyer on FCA refinery basis for rail road export for 6 months loading period.
CPC demand surprisingly low
Turkmenbashy also offered 10’000 tons of calcined petroleum coke, which was not sold on 19th February tender. Buyers were offering lower prices for calcined petroleum coke compared to green coke which is unique situation: before calcined petroleum coke was traded with approximately 100 USD per MT premium to green petroleum coke, reflecting higher production costs of calcined material.
Quality issues with calcined coke might have been a reason for low demand for the product, industry players suggest. Turkmenbashy CPC has low real density compared to what other producers offers.
Turkmenbashy refinery produces petroleum coke with Sulphur content 0.6% Max and very low metals content, its coker unit capacity is 180’000 Mt per year. Key markets for Turkmen petcoke were usually Tajikistan and Russia but starting from 2017 significant volumes of the product are being shipped to China by rail.
DYM Resources specializes on petcoke sourcing from refineries located in former USSR countries – Russia, Kazakhstan, Azerbaijan and Turkmenistan. Contact us with your enquiries using our contact form or by email.Read More →
Turkmenbashy refinery (Turkmenistan) has shut down its 200 000 t/yr petcoke unit for two weeks maintenance, state-owned company announced to its customers last week.
Refinery has stopped export loading as it has dispatched all stock amid high demand.
Coking unit should be restarted during first week of October.
Turkmenbashy maintenance followed shut down at Baku petcoke unit, which is another ultralow sulphur petcoke producer in the region.
“Low-sulphur petcoke market was balanced in Russia during first half of 2017 which led to higher export volumes, but simultaneous maintenance work at Baku and Turkmenbashy coking units has significantly impacted supply balance. We expect higher demand in October-November due delayed supplies” – Yury Burenco, DYM Resources petroleum coke director says.
Refinery has started low-sulphur green petcoke export to China this year as well as to Black Sea, while last year they had no such loadings. Turkmenbashy also supplies its petcoke to Russia and Tadjikistan.
DYM Resources is a professional petroleum coke trading company with wide expertise in low and high sulphur green petroleum coke as well as calcined petroleum coke. DYM Resources is independent petroleum coke supplier active in Russia, Turkmenistan, China, Turkey and Europe. The company is registered in Germany and provides full service to its clients: logistics, finance and quality control.Read More →
Turkmenbashi refinery plans to build a second coking unit to add 900,000 tons of coking capacity per year to its existing production, according to a Trend agency report citing the Turkmenistan government.
Turkmenbashi refinery operates a coker with a capacity of 200,000 tons of below 0.6 percent sulphur green petcoke per year. The refinery has a calcining unit as well.
No timetable for the new petcoke unit is given, but usually it takes several years to complete such a project. Normal petroleum coke output at similar capacity units are about 130,000 to 150,000 tons per year depending on fuel oil quality. Fuel oil is a feedstock for coking units.
Turkmenistan’s low-sulphur petcoke is supplied to aluminum and graphite industries in former Soviet Union countries and Central Asia.
DYM Resources supplies petroleum coke globally and took part in loading 23,000 tons of Turkmenistan petcoke in 2016. The company offers finance, logistics, and quality control services to its clients. For inquiries please contact us online or via email.Read More →