September 30 report:
According to the commodity analysis system, the price of petroleum coke from local refineries in Shandong market dropped at the end of the month. As of September 30, the price was 3,454 CNY per ton, a decrease of 2.54% from 3,544 CNY per ton on September 27.
At the end of the month, domestic refining enterprises actively shipped petroleum coke, with some companies lowering prices. Additionally, the prices of petroleum coke from some refineries fluctuated significantly with changes in specifications. Downstream cost pressure continued to increase, and pre-holiday stockpiling gradually came to an end. The enthusiasm for procurement and inquiries was moderate, with purchases mainly made according to demand, leading to a decline in the market for domestically refined petroleum coke.
Market Outlook: At present, domestic coking plants that underwent pre‑maintenance inspections are gradually resuming production, and imported coke continues to arrive at ports, resulting in ample overall supply. With petroleum coke prices remaining at elevated levels, downstream users are primarily procuring on an as‑needed basis and drawing down existing inventories. The October benchmark price for prebaked anodes has been raised, providing support to the petroleum coke market; coupled with anticipated purchasing plans from downstream sectors after the holiday, the petroleum coke market is expected to see a modest uptick following the break.
