September 9 news
According to the Spotcom AI assistant, as of the latest available data on September 8, 2026, the petroleum coke spread indicator shows a strong rebound (bullish) signal. The short-term trend is volatile but biased towards a rebound. The 60-day cycle price is at a low level with strong support, while the 1-year cycle price is at a mid-to-high level with limited upside potential. Attention should be paid to the upstream crude oil price fluctuations and the demand changes in downstream sectors such as glass and graphite electrodes in China.
I. Table of Mean Difference Changes
| Average Difference Type | Today’s Value (2026.09.08) | Yesterday’s Value (2026.09.07) | Direction of Change |
|---|---|---|---|
| 5-day Average Difference (D5) | -45.00 | -56.50 | + |
| 10-day Average Difference (D10) | 2.22 | 0.80 | + |
| 20-day Average Difference (D20) | -29.05 | -22.65 | - |
Note: The latest available data currently dates back to September 8, 2026. It is recommended to refer to real-time data for the most up-to-date information.
II. Signal State Determination
The current deviation change symbol combination is (+, +, -), which belongs to a strong rebound (bullish, rebound nature) signal.
Three, Conclusions on Trend Directions in China
The current price trend is oscillating. Reason: The direction of change in the three averages compared to the previous day is not entirely consistent, which does not meet the criteria for a clear upward or downward trend. It is considered a rebound with a bullish bias within an oscillating range.
IV. Positional Spatial Reference
60-day cycle price is in the 1st tier (low position): limited downside, with strong support.
The 3-month cycle price is in the second tier (mid-to-low range).
1 year cycle price is in the 4th tier (mid-high): limited upside potential above
V. 1-Year Price Trend Chart
Six, Recent Spot Market Dynamics in China
On September 8, 2026, the quotations for petroleum coke from Chinese refineries saw a slight overall decrease: Guangrao Zhenghe Petrochemical's petroleum coke quotation was 3,480 CNY/ton, down 40 CNY/ton from the previous trading day; Henan Fengli Petrochemical's petroleum coke quotation was 2,900 CNY/ton, down 50 CNY/ton from the previous trading day; Zibo Xintai Petrochemical's petroleum coke quotation was 3,855 CNY/ton, down 50 CNY/ton from the previous trading day. Overall, the shipments from these companies remained stable.
Strong cost-side support: The average differential indicator for upstream Brent crude oil as of September 8 shows a clear upward trend, and the one-year price cycle remains at a medium-to-high level, providing certain support to the cost side of petroleum coke.
Demand-side performance remains weak: Prices for the downstream core product—glass—have remained low over the past year, and overall procurement demand is currently subdued, limiting upward momentum for petroleum coke prices.
VII. Risk Warning
The above analysis is for reference only and does not constitute trading advice.
