According to the commodity analysis system of Shengyi Society, the market for locally refined petroleum coke has slightly declined this week. As of April 18th, the price of locally refined petroleum coke in the Shandong market was 2367.50 yuan/ton, a decrease of 1.35% from 2400.00 yuan/ton on April 14th.
The trend of crude oil prices has risen this week, and the US sanctions against Iran continue. Some oil producing countries have submitted compensation plans for overproduction, coupled with the weakening of the US dollar, international oil prices have risen.
This week, the shipment of petroleum coke from local refineries was average, and downstream purchases were mainly for essential needs. Market entry was cautious, and refinery shipments were hindered, resulting in an overall decline in petroleum coke prices. This week, the shipment of petroleum coke from the port was average, mainly consisting of medium and high sulfur petroleum coke. Traders were actively shipping, while downstream enterprises maintained their demand for essential purchases.

This week, the calcined coke market remained stable, with overall supply being sufficient. Coupled with limited downstream demand, the calcined coke market has fallen slightly.

Market forecast: Currently, the trading of petroleum coke market is average, downstream procurement of petroleum coke 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.