SunSirs: The Market for China Locally Refined Petroleum Coke Has Risen after the Spring Festival

According to the commodity analysis system of SunSirs, the price of locally refined petroleum coke in Shandong market was 2,685.75 RMB/ton as of February 26 last week, an increase of 2.56% from 2,618.25 RMB/ton on February 23, after the Spring Festival.

During the Spring Festival, international crude oil prices rose mainly due to the dual impact of geopolitical tensions and fundamental changes, with the upgrading of US Iran relations becoming the core driving factor. After the holiday, the market is paying attention to the prospects of the US Iran talks. Iran expressed its hope to reach a fair agreement with the US in the shortest possible time, ease concerns, and reduce international oil prices.

After the Spring Festival, the overall market for refined petroleum coke has risen, with good shipments from refineries. Refinery petroleum coke prices have fluctuated, with some refineries adjusting their indicators and coke prices changing accordingly; Downstream procurement is active, and some enterprises are replenishing their inventory after the holiday to support the petroleum coke market. During the Spring Festival holiday, petroleum coke was centrally stored at the port, and the inventory of petroleum coke at the port increased, creating a positive market trading atmosphere.

After the Spring Festival, the market for medium and high sulfur calcined coke remained stable, with many enterprises executing contracts and the price of medium and high sulfur calcined coke remaining stable.

At present, the transaction of petroleum coke in the local refining industry is good, and downstream enterprises are actively purchasing, supporting the petroleum coke market. It is expected that petroleum coke may rise slightly in the near future.

SunSirs has been continuously tracking price data for over 200 commodities for nearly 20 years, please contact support@sunsirs.com for subscription.