ChemPriceHub Alert: Huaxiang Petrochemical's Petroleum Coke Quotation Has Been Lowered.

On February 3, Huaxiang Petrochemical quoted petroleum coke at 2,770 yuan/ton, down 30 yuan/ton from the previous trading day, with sulfur content at 2.3%. The delayed coking unit has an annual capacity of 400,000 tons and a daily output of 450 tons. PriceSeek's analysis of petroleum coke gives a long-short score of -1. The article reports that Huaxiang Petrochemical's spot quotation for petroleum coke decreased by 30 yuan/ton to 2,770 yuan/ton, a drop of approximately 1.08%. Combined with the company's annual capacity of 400,000 tons and daily output of 450 tons, this indicates ample supply or weak demand, exerting a generally bearish pressure on spot prices. The price reduction may reflect intensified market competition or rising inventory pressure, and spot prices are expected to face downward pressure in the short term.