According to the commodity analysis system of SunSirs, the market for locally refined petroleum coke slightly declined last week. As of April 18th, the price of locally refined petroleum coke in the Shandong market was 2,367.50 RMB/ton, a decrease of 1.35% from 2,400.00 RMB/ton on April 14th.

Last week, the trend of crude oil prices rose, and the US sanctions against Iran continued. Some oil producing countries submitted compensation plans for overproduction, coupled with the weakening of the US dollar, international oil prices rose.

Last 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.

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

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.

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