On January 7th, Huaxiang Petrochemical quoted petroleum coke at 2,800 yuan/ton, up 30 yuan/ton from the previous trading day, with sulfur content at 2.8%. The delayed coking unit has an annual capacity of 400,000 tons and a daily production of 450 tons. PriceSeek analysis of petroleum coke shows a bullish-bearish score of 1. The article indicates that Huaxiang Petrochemical raised its petroleum coke quotation by 30 yuan/ton to 2,800 yuan/ton, suggesting tight supply or increased demand in the spot market, which directly benefits spot prices. This price adjustment reflects the company's proactive strategy based on its production capacity (400,000 tons/year, daily output of 450 tons) and may drive overall industry quotations upward, supporting short-term bullish sentiment in the spot market.
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