ChemPriceHub Important Reminder: Qirun Petrochemical's Petroleum Coke Quotation Has Been Lowered.

On January 4, Qirun Petrochemical quoted petroleum coke at 1,680 yuan/ton, down 70 yuan/ton from the previous trading day, with a sulfur content of 4.0. The delayed coking unit has an annual capacity of 1.6 million tons and a daily output of 700 tons. PriceSeek analysis of petroleum coke shows a long-short score of -2. Qirun Petrochemical lowered its petroleum coke quotation by 70 yuan/ton to 1,680 yuan/ton, with a sulfur content of 4.0. Combined with the data of the unit's capacity of 1.6 million tons/year and daily output of 700 tons, this indicates ample market supply or weak demand, leading to a significant decline in spot prices. This news reflects the pressure of supply-demand imbalance, posing a significant bearish impact on petroleum coke spot prices and potentially further dampening market purchasing sentiment.