*** Accelerate the appreciation of relevant industries' exports to be tested

In January-July 2010, the import volume of petroleum coke month was basically maintained at more than 300,000 tons. However, with the downward trend in the Shandong refining market in August, the import trader's operational risk increased, and the import enthusiasm suffered a corresponding setback. According to customs statistics, in August 2010, the import volume of petroleum coke reached only 180,800 tons, a 48.4% decrease from the previous period, while the export volume continued to create a new high, reaching 217,500 tons, an increase of 3.77% compared with the previous period.

With the gradual adjustment of the RMB exchange rate, the export of petroleum coke and downstream carbon products and other related industries will inevitably increase the difficulty. The company’s profits will be squeezed and the domestic carbon and other companies will be bad. At the end of September, the amount of petroleum coke arriving in Hong Kong will be concentrated. Although domestic coke cannot be constrained, the re-increase of the arrival time in October will put pressure on the market. The appreciation of the renminbi will help the import of petroleum coke to a certain extent, and it will be unfavorable to the domestic petroleum coke import work in the fourth quarter. In addition, the task of energy saving and emission reduction will be prominent. In the fourth quarter, the domestic petroleum coke market will continue to be under pressure.