On January 4, the price of petroleum coke at Guangrao Zhenghe Petrochemical Co., Ltd. was 2,690 yuan/ton, down 20 yuan/ton from the previous trading day, with a sulfur content of approximately 1.2–1.4. The company operates an 80,000-ton/year delayed coking unit, producing 350 tons of petroleum coke daily. PriceSeek analysis of petroleum coke, with a long-short score of -1, indicates that the price reduction of 20 yuan/ton to 2,690 yuan/ton at Guangrao Zhenghe Petrochemical Co., Ltd. suggests increased short-term supply pressure or weak demand. The daily production of 350 tons and the annual capacity of 800,000 tons from the delayed coking unit highlight ample local supply, potentially leading to bearish sentiment in the spot market and increasing the risk of downward pressure on spot prices.
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