On January 29, Shandong Tianhong Chemical Co., Ltd. set the price of petroleum coke at 2,070 yuan/ton, a decrease of 80 yuan/ton compared to the previous trading day. The sulfur content is approximately 4.2%. The company operates a 1.8 million tons/year delayed coking unit with a daily production capacity of 1,000 tons of petroleum coke. PriceSeek analysis of petroleum coke, with a long-short score of -1: Shandong Tianhong Chemical Co., Ltd. lowered the price of petroleum coke to 2,070 yuan/ton, down 80 yuan/ton from the previous trading day, a decline of approximately 3.86%. The sulfur content is around 4.2%. With an annual production capacity of 1.8 million tons and a daily output of 1,000 tons, this price adjustment reflects ample market supply or weak downstream demand, exerting significant downward pressure on the spot price of petroleum coke. It is anticipated that the spot market may remain weak in the short term.
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