According to the commodity analysis system of SunSirs, the market for locally refined petroleum coke has recently risen. As of July 29th, the price of locally refined petroleum coke in the Shandong market was 2,375.00 RMB/ton, an increase of 1.93% from 2,330.00 RMB/ton on July 21st.

The recent fluctuations in crude oil prices have been the main trend. On the one hand, OPEC+ is likely to complete its production increase plan of 2.2 million barrels per day by the end of September. In addition, the US and Japan have reached a trade agreement, which has affected the international oil market trend to some extent; On the other hand, there are still concerns in the market about the tariff negotiations between the United States and Europe, as well as factors such as the Middle East issue and disturbances in the European situation, causing the crude oil market to maintain a volatile trend.

In recent times, the market for petroleum coke has remained stable, with refinery shipments still acceptable. Some refineries have experienced significant fluctuations in petroleum coke prices with indicators, and downstream enterprises have relatively stable demand. The enthusiasm for petroleum coke procurement is average, resulting in an overall increase in petroleum coke prices. Recently, the transaction of petroleum coke at the port has been average, with stable shipments. Recently, petroleum coke has been gradually arriving at the port, and the port inventory is sufficient. Downstream enterprises are maintaining their essential procurement needs.

Recently, the market for calcined coke has remained stable, with an overall increase in the cost of petroleum coke. Some manufacturers have expressed interest in raising prices.

Currently, trading in the petroleum coke market is still acceptable, and downstream demand procurement still provides support for the petroleum coke market. As the end of the month approaches, downstream procurement is cautious, and it is expected that petroleum coke will mainly consolidate in the near future.

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