According to the commodity analysis system of Shengyi Society, the market for locally refined petroleum coke declined at the end of the month. As of April 30th, the price of locally refined petroleum coke in the Shandong market was 2262.50 yuan/ton, a decrease of 3.93% from 2355.00 yuan/ton on April 27th.
Recently, the trend of crude oil prices has fallen. On the one hand, there are significant differences within OPEC+regarding crude oil production, which has led to increased uncertainty in the prospects of crude oil supply and mainly caused low-level fluctuations in the crude oil market. On the other hand, the increase in tariffs by the United States has raised concerns about global demand for crude oil, causing the crude oil market to remain volatile at a low level.
At the end of the month, the shipment of petroleum coke from local refineries was average, and downstream procurement enthusiasm was average. Refinery shipments were hindered, and in addition, the benchmark price for pre baked anodes purchased by a certain aluminum plant in Shandong in May decreased compared to April, which limited support for petroleum coke. As a result, the overall price of petroleum coke from local refineries fell. Recently, the concentration of coke in the United States has been concentrated in ports, mainly high sulfur coke. The trading of petroleum coke in ports is average, and the port inventory is sufficient. Downstream enterprises maintain essential procurement, and the imported petroleum coke market has declined slightly.
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