On January 14, the price of petroleum coke at Guangrao Zhenghe Petrochemical Co., Ltd. was 2,950 yuan/ton, down 50 yuan/ton from the previous trading day. The sulfur content is approximately 1.3–1.5%. The company operates an 800,000-ton/year delayed coking unit with a daily production of 350 tons of petroleum coke. PriceSeek analysis of petroleum coke, with a long-short rating of -1, indicates that the reported price reduction of 50 yuan/ton to 2,950 yuan/ton reflects ample market supply (such as daily production of 350 tons) or weak demand. This is expected to exert downward pressure on the spot price of petroleum coke, with a significant short-term bearish impact.
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