ChemPriceHub highlights: Huaxiang Petrochemical Petroleum Coke Price Dropped

On December 29, Hua Xiang Petrochemical's petroleum coke price was quoted at 2630 yuan/ton, a decrease of 20 yuan/ton from the previous trading day. The sulfur content is 2.6%. The delayed coking unit has an annual production capacity of 400,000 tons and a daily output of 450 tons. PriceSeek evaluates petroleum coke, with a rating of -1.5. The price reduction of petroleum coke to 2630 yuan/ton from the previous trading day shows a downward pressure on spot prices due to sufficient market supply (such as the delayed coking unit's annual production of 400,000 tons and daily output of 450 tons) or weak demand. The fundamental factors such as the sulfur content of 2.6 have not shown significant changes. Although the reduction is not extreme, it clearly indicates bearish signals, possibly leading to short-term sentiment in the spot market.