According to the Commodity Analysis System of SunSirs, as of November 14th, the price of refined petroleum coke in the Shandong market was 1757.50 RMB/ton, an increase of 1.44% compared to November 1st, 1732.50 RMB/ton.

The international crude oil market has been fluctuating recently. The hawkish stance of the Federal Reserve has sparked demand concerns and eased supply tension. There is still a risk of supply side tension, and OPEC+, an oil producing country, will hold a ministerial meeting on November 26th. The market generally believes that its production reduction policy will continue. The geopolitical situation in the Middle East has weakened its impact on oil prices, coupled with poor demand prospects and weak momentum for a significant rebound in oil prices.

Recently, ships importing petroleum coke have been arriving at the port one after another, resulting in high levels of petroleum coke storage in the port and pressure on shipments. The speed of port shipments has been slow. The price of ground refining petroleum coke fluctuates, with limited downstream demand and average stocking enthusiasm. The market for ground refining petroleum coke shipments is fragmented, with better shipments of medium to high sulfur coke.

The recent international crude oil market has been fluctuating, with limited support for the petroleum coke market. The overall downstream market is weak, and the main focus is on on-demand procurement of petroleum coke. It is expected that the refining of petroleum coke in the near future will mainly focus on consolidation.

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