According to the commodity analysis system of SunSirs, the price of locally refined petroleum coke continued to rise last week. As of May 19th, the price of locally refined petroleum coke in the Shandong market was 2,275.00 RMB/ton, an increase of 2.82% from 2,212.50 RMB/ton on May 12th.

Last week, the overall crude oil market rose, influenced by the United States' increased oil restrictions on a certain country, as well as the Israeli Palestinian conflict and the intention of China and the United States to negotiate. The international oil price trend rose, and with the easing of tariffs between China and the United States, the crude oil market was mainly volatile.

Last week, the shipment of petroleum coke from local refineries was good, downstream procurement was active, and coupled with low inventory of petroleum coke in some refineries, the price of petroleum coke continued to rise. Last week, the trading volume of petroleum coke at the port was average, with high port inventory and downstream enterprises maintaining essential procurement.

Recently, the market for calcined coke has remained stable, with limited downstream demand and a consolidation of the calcined coke market.

Currently, the overall supply of petroleum coke market is relatively sufficient, with downstream essential procurement being the main focus. It is expected that petroleum coke will be mainly sorted out in the near future.

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