On January 14, Qirun Petrochemical quoted petroleum coke at 1,850 yuan/ton, down 50 yuan/ton from the previous trading day, with sulfur content at 4.0%. The delayed coking unit has an annual capacity of 1.6 million tons and a daily output of 700 tons. PriceSeek analysis of petroleum coke, with a long-short score of -1: Qirun Petrochemical's petroleum coke price was lowered by 50 yuan/ton to 1,850 yuan/ton, indicating increased supply-side pressure (annual unit capacity of 1.6 million tons, daily output of 700 tons) or weak demand. This price reduction has a bearish impact on the spot price of petroleum coke, and the market is expected to face pressure in the short term, with rising risks of price declines.
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