According to the commodity analysis system of Shengyi Society, the market for locally refined petroleum coke continued to decline at the end of the month. As of November 28th, the price of locally refined petroleum coke in the Shandong market was 2323.25 yuan/ton, a decrease of 0.32% from 2330.75 yuan/ton on November 27th.

On the 28th, the petroleum coke market declined, with average shipments from refineries and a slight decrease in petroleum coke prices. Downstream purchasing sentiment increased, providing limited support for the petroleum coke market and resulting in poor refinery transactions. On the 28th, the import of petroleum coke was mainly based on preliminary orders, with limited new orders signed and a slight decrease in prices.
On the 28th, the market for medium and high sulfur calcined coke fell, mainly due to the downward adjustment of upstream petroleum coke prices. Downstream procurement remained cautious, and calcined coke enterprises were cautious in their quotations.
Market forecast: Currently, the transaction volume of petroleum coke in the local refining industry is average, and the enthusiasm for downstream procurement is poor, maintaining the demand for essential petroleum coke. It is expected that petroleum coke will be weakly consolidated in the near future.