August 24 news
According to the SpotCom AI assistant, on August 24, 2026, the petroleum coke average difference signal showed a weak rebound (bearish), with prices at a high level in the 1-year cycle, leaving limited room for further increases. In the short term, the market is expected to fluctuate with a bearish bias. Considering the recent mixed price quotes from companies and import data, attention should be paid to the impact of supply and demand changes in the industry chain on prices.
I. Table of Mean Difference Changes
| Average Difference Type | Today's Value (2026-08-23) | Yesterday's Value (2026-08-22) | Direction of Change |
|---|---|---|---|
| 5-day Average Difference (D5) | -13.00 | -27.00 | + |
| 10-day Average Difference (D10) | -54.50 | -54.00 | - |
| 20-day Average Difference (D20) | -36.31 | -27.88 | - |
II. Signal State Determination
The current deviation change direction combination is (+, -, -), which belongs to a weak rebound (bearish) signal.
III. Conclusion on Trend Direction
The price trend is oscillating (with a bearish bias). Reason: The 5-day average difference has rebounded from yesterday (+), but the 10-day and 20-day average differences have further declined compared to yesterday (-). The directions of the three average differences are not entirely consistent, which fits the criteria for an oscillating trend. Additionally, the combination of signs indicates a weak rebound with a bearish signal. Although there are signs of a slight short-term recovery, the medium-term downward pressure still exists.
IV. Positional Spatial Reference
Petroleum coke prices in China over a 1-year period are at a moderately high level (in the 60%-80% range), with limited room for further increases. In the short term, if the trend continues to be volatile and bearish, there is some potential for a decline.
5. Trend Chart Display
Six, Industry Dynamics Reference
Import Data: In July 2026, China's import volume of calcined petroleum coke was 15,800 tons, with cumulative imports from January to July totaling 126,400 tons. For uncoked petroleum coke, the import volume in July was 1.4729 million tons, and the cumulative import volume from January to July reached 9.5783 million tons. Import volumes remain at a high level, putting some upward pressure on supply in the Chinese market.
Enterprise Quotes: Recently, China's petroleum coke enterprise quotes have shown mixed trends. For instance, on August 20, Shandong Tianhong Chemical lowered its price by 200 CNY/ton, and Zibo Xintai Petrochemical reduced its price by 100 CNY/ton; on the same day, Guangrao Zhenghe Petrochemical raised its price by 30 CNY/ton. On August 21, Huaxiang Petrochemical lowered its price by 30 CNY/ton, and Zibo Xintai Petrochemical further reduced its price by 50 CNY/ton. Meanwhile, Qirun Petrochemical and Guangrao Zhenghe Petrochemical raised their prices by 30 CNY/ton and 50 CNY/ton, respectively, leading to divergent market sentiment and trading activity.
Risk Warning
The above analysis is for reference only and does not constitute trading advice.
