According to the commodity analysis system of Shengyi Society, the market for locally refined petroleum coke has slightly increased this week. As of September 28th, the price of locally refined petroleum coke in the Shandong market was 2383.25 yuan/ton, an increase of 1.09% from 2357.50 yuan/ton on September 22nd.

The rise in crude oil prices this week is mainly due to the potential supply risk caused by the continuation of the Russia-Ukraine conflict, and the possible escalation of the US sanctions against some oil producing countries, which will superimpose on the decline of the US commercial crude oil inventory to jointly support oil prices.
This week, the market for refined petroleum coke has slightly increased, with average shipments from refineries. Recently, the price of petroleum coke has fluctuated; Recently, some refineries have reduced their inventory before the holiday, coupled with cautious downstream procurement, which has limited support for the petroleum coke market. Recently, the shipment of petroleum coke from ports has been acceptable, while the price of sponge coke continues to rise and inquiries have increased.
This week, the market for calcined coke has remained stable with an upward trend, and downstream purchases are relatively active. Manufacturers have a strong willingness to increase prices for newly signed orders.
Market forecast: Currently, orders from some manufacturers during the holiday period have basically ended, and downstream demand still exists, supporting the petroleum coke market. It is expected that petroleum coke will remain stable and consolidate in the near future.