According to the commodity analysis system of SunSirs, the market for locally refined petroleum coke fluctuated and rose last week. As of October 24th, the price of locally refined petroleum coke in the Shandong market was 2,700.75 RMB/ton, an increase of 2.56% from 2,633.25 RMB/ton on October 17th.

The market for locally refined petroleum coke has fluctuated and risen. As of October 24th, the price of locally refined petroleum coke in the Shandong market was 2,700.75 RMB/ton, an increase of 2.56% from 2,633.25 RMB/ton on October 17th.

Last week, international crude oil futures rose sharply. The main reason for the panic premium in the market supply is due to the US government's announcement of sanctions on two major oil giants, Lukoil and Rosneft.

Last week, the market for refined petroleum coke rose, with active shipments from refineries. Recently, the price of petroleum coke has fluctuated. Recently, some refineries have adjusted their indicators, and coke prices have shown significant changes with the indicators; Downstream procurement is active, supporting the petroleum coke market, and refinery shipments are still acceptable. Previously, some imported petroleum coke sources were tight, and traders suspended quotations. Last week, the shipment of petroleum coke from ports was still acceptable, while the price of sponge coke increased, and market trading was still acceptable.

Last week, the market for medium to high sulfur calcined coke rose, and the price of raw petroleum coke continued to rise. The cost of calcined coke is under significant pressure, and downstream procurement is cautious.

At present, the transaction of petroleum coke is still acceptable, and downstream demand still exists, supporting the petroleum coke market. It is expected that petroleum coke may rise slightly in the near future.

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