According to the commodity analysis system of SunSirs, the price of refined petroleum coke in Shandong market rose slightly last week. As of September 28th, the price of refined petroleum coke in Shandong market was 2,383.25 RMB/ton, an increase of 1.09% from 2,357.50 RMB/ton on September 22nd.

The rise in crude oil prices last week was mainly due to the potential supply risk caused by the continuation of the Russia-Ukraine conflict, and the possible escalation of the US sanctions against some oil producing countries, which combined with the decline of the US commercial crude oil inventory to jointly support oil prices.

Last week, the petroleum coke market saw a slight increase, with average shipments from refineries. Recently, the price of petroleum coke has fluctuated; Recently, some refineries have reduced their inventory before the holiday, coupled with cautious downstream procurement, which has limited support for the petroleum coke market. Recently, the shipment of petroleum coke from ports has been acceptable, while the price of sponge coke continues to rise and inquiries have increased.

Last week, the market for calcined coke remained stable with an upward trend, and downstream purchases were relatively active. Manufacturers have a strong willingness to increase prices for newly signed orders.

At present, some manufacturers have basically completed the signing of orders during the holiday period, and downstream demand still exists, supporting the petroleum coke market. It is expected that petroleum coke will remain stable and consolidate in the near future.

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