According to the commodity analysis system of SunSirs, the price of locally refined petroleum coke has been fluctuating recently, and the overall market has fallen. As of May 29th, the price of locally refined petroleum coke in the Shandong market was 2,225.00 RMB/ton, a decrease of 2.20% from 2,275.00 RMB/ton on May 26th.

Recently, the crude oil market has been volatile. On the one hand, OPEC+ will maintain a significant increase in production in July, raising concerns about supply growth risks and negatively impacting the international crude oil market; On the other hand, the United States may strengthen sanctions against Russia, coupled with the force majeure faced by Libyan ports and oil fields, leading to an increase in international oil prices.

Recently, the shipment of refined petroleum coke has been average, and the market has a strong wait-and-see attitude. Low sulfur petroleum coke has fallen by 100-200 RMB/ton, medium sulfur petroleum coke has fluctuated slightly, and high sulfur petroleum coke has risen by about 50-100 RMB/ton. At the end of the month, there was a strong wait-and-see sentiment downstream, with on-demand procurement being the main focus. This week, the transaction of petroleum coke at the port was average, with stable prices being the main factor, and downstream enterprises maintaining their essential procurement needs.

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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