On October 31st, Qirun Petrochemical quoted a price of 2,030 RMB/ton for petroleum coke, an increase of 30 RMB/ton from the previous trading day. The sulfur is 4.5 and vanadium is 850. The delayed coking unit has a capacity of 1.6 million tons/year and a daily output of 700 tons.

The article shows that Qirun Petrochemical's petroleum coke quotation has been raised by 30 RMB/ton to 2,030 RMB/ton, indicating a clear short-term upward trend in spot prices. According to supply side data, the daily output of 700 tons is much lower than the annual production capacity of 1.6 million tons (about 4,383 tons/day), indicating that reduced production has led to supply shortages; The quality indicators of sulfur 4.5 and vanadium 850 are stable and have not affected the fundamentals. This upward adjustment reflects stable demand or supply bottlenecks, which is favorable for the spot market. It is expected that prices will continue to rise in the short term.

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