According to the commodity analysis system of Shengyi Society, the market for locally refined petroleum coke has significantly declined this week. As of November 27th, the price of locally refined petroleum coke in the Shandong market was 2330.75 yuan/ton, a decrease of 11.74% from 2640.75 yuan/ton on November 23rd.

This week, the international crude oil market fluctuated and declined, with OPEC+increasing production in a new round. The market is still concerned about the risk of long-term oversupply, and the regional situation has eased. In addition, the weakening of US demand and the impact of US tariffs on global economic and demand expectations have led to a slight decline in the international oil price market.
This week, the petroleum coke market has declined, and refinery shipments have been hindered. Refineries have lowered the price of petroleum coke one after another. In addition, some refineries have adjusted their indicators, and the coke price has changed significantly with the indicators; The wait-and-see sentiment in downstream procurement has increased, providing limited support for the petroleum coke market and resulting in poor refinery transactions. This week, the import of petroleum coke was mainly based on preliminary orders, with limited new order signings and a slight price drop.
This week, the market for high sulfur calcined coke has fallen, mainly due to the downward adjustment of upstream petroleum coke prices. Downstream procurement is mostly in a wait-and-see attitude, and calcined coke enterprises are cautious in their quotations.
Market forecast: Currently, the transaction volume of petroleum coke in the local refining industry is poor, and the downstream carbon market demand still exists. However, they are cautious in receiving goods, and some refineries adjust prices according to indicators. It is expected that petroleum coke will be weakly consolidated in the near future.