SunSirs: China Local Refined Petroleum Coke Market Saw a Slight Increase at the End of July

https://www.chemnet.com   Aug 02,2024 SunSirs

According to the commodity analysis system of SunSirs, the market for locally refined petroleum coke has slightly increased recently. As of July 31, the price of locally refined petroleum coke in the Shandong market was 1,476.75 RMB/ton, an increase of 0.68% from 1,466.75 RMB/ton on July 29.

Recently, the shipment of refined petroleum coke has been good, and the prices of petroleum coke from some refineries have risen. The terminal market urgently needs to purchase, supporting the petroleum coke market. Recently, the shipment of petroleum coke from ports has been active, coupled with the continuous arrival of imported petroleum coke at ports, the speed of destocking at ports has increased, and the overall inventory at ports has declined. At present, the production of locally refined petroleum coke continues to resume, and the market supply is gradually increasing. However, downstream demand is limited, and procurement is mainly based on demand. It is expected that the market consolidation of locally refined petroleum coke will be the main focus in the near future.

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