ChemPriceHub Important Notice: Guangrao Zhenghuo Petroleum Coke Price Reduction

On January 28, the price of petroleum coke from Guangrao Zhenghe Petrochemical Co., Ltd. was 2,630 yuan/ton, down 100 yuan/ton from the previous trading day, with a sulfur content of approximately 1.5-1.7. The company operates an 80,000-ton/year delayed coking unit, producing 350 tons of petroleum coke daily. PriceSeek's analysis of petroleum coke gives a long-short score of -1.5. The price of petroleum coke from Guangrao Zhenghe Petrochemical Co., Ltd. decreased by 100 yuan/ton, a significant drop indicating potential oversupply or weak demand in the market. This directly exerts bearish pressure on the spot price of petroleum coke and may trigger a regional market decline, as the daily production of 350 tons suggests sufficient capacity. Although the price cut is substantial, it does not involve the national benchmark price, hence it is rated at -1.5, falling between a general and significant bearish factor.