According to the commodity analysis system of SunSirs, the market for locally refined petroleum coke first rose and then fell last week. As of June 28th, the price of locally refined petroleum coke in the Shandong market was 2,245.00 RMB/ton, an increase of 0.34% from 2,237.50 RMB/ton on June 23rd.

Last week, the crude oil market prices fell sharply. The crude oil market fluctuates greatly, mainly due to the impact of the geopolitical situation in the Middle East. As the situation cools down, crude oil prices have dropped significantly.

Last week, the shipment of petroleum coke from local refineries was still acceptable, and downstream demand for petroleum coke was mainly based on demand. In addition, some refineries had low inventory of petroleum coke, which was favorable for the petroleum coke market. As a result, the overall price of petroleum coke increased, and the trading atmosphere gradually eased over the weekend. The rise in refinery coke prices slowed down, and some refineries saw a decline in prices. Recently, the trading of petroleum coke at ports has been average, with a focus on destocking at ports and downstream enterprises maintaining essential procurement.

Recently, the market for calcined coke has remained stable, with an overall increase in the cost of petroleum coke. However, the price of medium and high sulfur calcined coke has been affected by negative demand, and most companies' quotations have remained stable.

Market forecast: Currently, trading in the petroleum coke market is still acceptable, and downstream demand procurement still provides support for the petroleum coke market. It is expected that petroleum coke will mainly consolidate in the near future.

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