According to the commodity analysis system of SunSirs, the recent market for refined petroleum coke has slightly increased. As of June 22, the price of refined petroleum coke in the Shandong market was 2,225.00 RMB/ton, an increase of 0.56% from 2,212.50 RMB/ton on June 16.
Recently, the crude oil market has been on the rise. On the one hand, the conflict between Israel and Iran and the tense geopolitical situation have raised concerns about supply risks, leading to a significant increase in the international oil market; On the other hand, the trade negotiations between China and the United States have made good progress, and coupled with the unexpected decline in US crude oil inventories, favorable factors have supported the international oil market, with the crude oil market mainly rising.
Recently, the shipment of refined petroleum coke has been acceptable, and downstream demand for petroleum coke is mainly based on demand. In addition, some refineries have low inventory of petroleum coke, which is favorable for the petroleum coke market, and the overall price of petroleum coke has risen. Recently, the trading of petroleum coke at ports has been average, with a focus on destocking at ports and downstream enterprises maintaining their essential procurement needs.
Currently, trading in the petroleum coke market is still acceptable, and downstream demand procurement still provides support for the petroleum coke market; Recently, imported petroleum coke has been gradually arriving at the port, and the inventory of petroleum coke in the port has increased. It is expected that petroleum coke will be mainly sorted out in the near future.
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