On January 16, Kenli Petrochemical's petroleum coke was quoted at 3,300 yuan/ton, down by 150 yuan/ton compared to the previous trading day. The sulfur content is approximately 2%, with a delayed coking unit capacity of 800,000 tons/year and a daily output of 550 tons. The company's shipments are normal.
PriceSeek Analysis of Petroleum Coke, Bull-Bear Score: -1.5
Kenli Petrochemical's petroleum coke price was lowered by 150 yuan/ton to 3,300 yuan/ton, marking a significant decline of approximately 4.3% compared to the previous trading day. The sulfur content is around 2%, with a delayed coking unit annual capacity of 800,000 tons and a daily output of 550 tons. The company's shipments are proceeding normally. This price reduction reflects ample supply or weak demand in the spot market, exerting bearish pressure on petroleum coke spot prices. The score of -1.5 (between moderately bearish and significantly bearish) is attributed to the substantial price drop, though not accompanied by extreme supply-demand imbalances. The company's normal shipments indicate no severe inventory accumulation in the market, but the price cut clearly points to short-term downward pressure on prices.
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