According to the commodity analysis system of SunSirs, the market for locally refined petroleum coke saw a slight increase on June 30th. As of June 30th, the price of locally refined petroleum coke in the Shandong market was 2,257.50 RMB/ton, an increase of 0.56% from 2,245.00 RMB/ton on June 29th.

The shipment of petroleum coke from local refineries is still acceptable, and downstream demand for petroleum coke is supporting the petroleum coke market. In addition, some refineries have low inventory of petroleum coke, which is favorable for the petroleum coke market. As a result, the overall price of petroleum coke has risen, and some refineries have experienced significant fluctuations in prices following indicators. The transaction of petroleum coke in ports is average, and the main focus is on destocking at ports, while downstream enterprises maintain essential procurement.

Recently, the calcined coke market 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 some companies have already sold their monthly orders. The overall market demand continues to be weak, and most companies' quotations remain stable.

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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