ChemPriceHub Alert: Qirun Petrochemical Petroleum Coke Price Reduced

On January 16, Qirun Petrochemical quoted petroleum coke at 1,700 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 production of 700 tons. PriceSeek analysis of petroleum coke, with a long-short rating of -1: Qirun Petrochemical lowered its petroleum coke quotation by 50 yuan/ton to 1,700 yuan/ton, reflecting ample market supply or weakening demand. With an annual capacity of 1.6 million tons and a daily production of 700 tons, stable production may intensify supply pressure, exerting a generally bearish impact on spot prices. It is expected that prices will face downward pressure in the short term.