According to the commodity analysis system of Shengyi Society, the market for locally refined petroleum coke has continued to rise this week. As of May 19th, the price of locally refined petroleum coke in the Shandong market was 2275.00 yuan/ton, an increase of 2.82% from 2212.50 yuan/ton on May 12th.
This week, the overall crude oil market has been on the rise. The United States has increased its oil restrictions on a certain country, as well as the impact of the Israeli Palestinian conflict and the intention of China and the United States to negotiate. The international oil price trend has risen, and with the easing of tariffs between China and the United States, the crude oil market is mainly volatile.
This week, the shipment of petroleum coke from local refineries has been good, downstream procurement is active, and coupled with low inventory of petroleum coke in some refineries, the price of petroleum coke continues to rise. This week, the trading volume of petroleum coke at the port was average, with high port inventory and downstream enterprises maintaining essential procurement.
Recently, the market for calcined coke has remained stable, with limited downstream demand and a consolidation of the calcined coke market.
Market forecast: Currently, the overall supply of petroleum coke market is relatively sufficient, with downstream essential procurement being the main focus. It is expected that petroleum coke will be mainly sorted out in the near future.