On January 12, Yatong Petrochemical quoted petroleum coke at 1,950 yuan/ton, up 40 yuan/ton from the previous trading day, with sulfur content at 4.8. The delayed coking unit has an annual capacity of 1.2 million tons and a daily output of 850 tons. PriceSeek analysis of petroleum coke, with a long-short score of 1: The quotation increased by 40 yuan/ton to 1,950 yuan/ton compared to the previous trading day, indicating a significant rise in spot prices. The daily output of 850 tons is lower than the approximately 3,287 tons/day calculated based on annual capacity, suggesting reduced supply or production constraints, which is driving prices upward. The sulfur content of 4.8 does not significantly impact the fundamentals. This news generally supports the petroleum coke spot market, bolstering short-term price strength.
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