According to the commodity analysis system of SunSirs, the market for locally refined petroleum coke declined in mid September. As of September 21, the price of locally refined petroleum coke in the Shandong market was 2,355.00 RMB/ton, a decrease of 3.78% from 2,447.50 RMB/ton on September 11.

Recently, the price of crude oil fluctuated and rose, mainly because the Russia-Ukraine conflict caused the market to worry about potential supply risks, and the Federal Reserve cut interest rates by 25 basis points to support oil prices.

In mid September, the petroleum coke market in the local refining industry declined, with average shipments from refineries. Some refineries' petroleum coke prices fluctuated significantly with indicators, and petroleum coke prices fluctuated alternately; Downstream enterprises have average enthusiasm for purchasing petroleum coke, with a strong wait-and-see attitude, and are relatively cautious when entering the market for procurement. Recently, there has been a positive trend in the production of petroleum coke at the port, with a decrease in the number of ships arriving at the port and a continuous decrease in port inventory. The downstream mainly flows towards carbon and some towards silicon carbide plants.

In mid September, the market for calcined coke remained stable with an upward trend, and downstream purchases were more active, resulting in an increase in prices for newly signed orders.

Currently, the trading in the local refined petroleum coke market is weak, and downstream enthusiasm for petroleum coke procurement is average, with limited support for petroleum coke. It is expected that petroleum coke will mainly consolidate weakly in the near future.

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