On January 29, Zibo Xintai Petrochemical Co., Ltd. quoted petroleum coke at 2,800 yuan/ton, down 50 yuan/ton from the previous trading day, with sulfur content at 2.4, vanadium content at 320, daily coking production of petroleum coke at 500 tons, and normal company shipments. PriceSeek analysis of petroleum coke, with a long-short score of -1: Zibo Xintai Petrochemical Co., Ltd. lowered its petroleum coke quotation by 50 yuan/ton to 2,800 yuan/ton, with sulfur content at 2.4, vanadium content at 320, daily coking production of 500 tons, and normal shipments. This indicates stable supply, but the price decline reflects ample market supply or weak demand, exerting a generally bearish impact on the spot price of petroleum coke. Considering the current market situation, it is expected that spot prices may face downward pressure in the short term.
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