ChemPriceHub Alert: Qirun Petrochemical's Petroleum Coke Quote Adjusted Downward

On January 28, Qirun Petrochemical quoted petroleum coke at 1,700 yuan per ton, down by 50 yuan per ton compared to the previous trading day, with a sulfur content of 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, indicates that Qirun Petrochemical's spot price for petroleum coke has been lowered by 50 yuan per ton to 1,700 yuan per ton, a decrease of approximately 2.94%. This suggests ample supply or weak demand, exerting downward pressure on spot prices. Considering the company's annual capacity of 1.6 million tons and daily output of 700 tons, there may be an oversupply on the supply side, which negatively impacts market sentiment. It is expected that short-term spot prices may face further downward pressure.