SunSirs: China Refined Petroleum Coke Market has slightly Declined recently

According to the commodity analysis system of SunSirs, the recent market for refined petroleum coke has slightly declined. As of April 28th, the price of refined petroleum coke in the Shandong market was 2,330.00 RMB/ton, a decrease of 1.58% from 2,367.50 RMB/ton on April 21st.

Recently, the overall crude oil market has declined, and OPEC+ is considering further increasing production in June. Kazakhstan also stated that it may be difficult to strictly comply with the compensatory production reduction plan. The easing of the geopolitical situation has put pressure on the oil market.

Recently, the shipment of refined petroleum coke has been average, with downstream procurement mainly focused on essential needs and cautious operations. Refinery shipments have been hindered, and the overall price of petroleum coke has fallen. This week, the transaction of petroleum coke at the port was average, with high sulfur petroleum coke concentrated at the port. The port inventory is sufficient, and downstream enterprises maintain their essential procurement.

Recently, the market for calcined coke has slightly declined, with weak upstream petroleum coke market and limited downstream demand, resulting in a slight decline in the market for calcined coke.

Currently, the trading in the petroleum coke market is average. As the end of the month approaches, downstream capital pressure on petroleum coke is high, procurement is cautious, refinery shipments are hindered, and support for the petroleum coke market is limited. It is expected that petroleum coke will mainly consolidate weakly in the near future.

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