Recently, my country's petroleum coke market has been operating in a weak state, with general trading volume. Sinopec and CNOOC have temporarily stabilized their shipments, and PetroChina Jinzhou has made a wide-ranging cut: the downstream purchase willingness is weak due to financial problems, and they are mainly on the sidelines. With the increase in refinery inventory, the price of petroleum coke keep down.
In terms of calcined coke: the cost side is obviously negative, and the price of some coke has dropped. It is expected that there will still be room for downside in the later period. The wait-and-see sentiment in the market is not good. With the increase in inventory, refineries may further reduce prices to promote production. Affected by the wait-and-see sentiment downstream, it is expected that the petroleum coke market will remain weak in the short term.
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