According to the commodity analysis system of SunSirs, the price of refined petroleum coke in Shandong market rose slightly last week. As of November 21, the price of refined petroleum coke in Shandong market was 2,640.75 RMB/ton, an increase of 1.05% from 2,613.25 RMB/ton on November 17.

Last week, international crude oil prices fell overall, mainly due to the new plan proposed by the United States to restart peace talks between Russia and Ukraine, coupled with the continued atmosphere of OPEC+ production increase, leading to a decline in international oil prices.

Last week, the overall market for refined petroleum coke rose, with some refineries selling well and petroleum coke prices fluctuating. 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. Last week, the import of petroleum coke was mainly based on preliminary orders, with limited new orders signed and prices falling slightly.

Last week, the market for medium to high sulfur calcined coke fell, and downstream procurement remained cautious, with calcined coke companies offering cautious quotes.

Currently, the transaction volume of petroleum coke in the local refining industry is average, and downstream purchases are mainly based on demand. Some refineries adjust prices according to indicators, and it is expected that petroleum coke may rise slightly in the near future.

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