On January 28, Shandong Tianhong Chemical Co., Ltd. offered petroleum coke at 2,150 yuan/ton, down by 60 yuan/ton compared to the previous trading day, with sulfur content around 3.9%. The company operates a 1.8 million tons/year delayed coking unit, producing 1,000 tons of petroleum coke daily. PriceSeek analysis of petroleum coke, with a long-short score of -1, indicates that the spot price of petroleum coke from Shandong Tianhong Chemical Co., Ltd. decreased by 60 yuan/ton to 2,150 yuan/ton, a decline of approximately 2.7%, suggesting ample market supply or weak demand. With an annual capacity of 1.8 million tons, the daily output of 1,000 tons implies relatively low capacity utilization. Additionally, the high sulfur content of around 3.9% may weaken demand, exerting a generally bearish impact on spot prices.
Comments
0