How did petroleum coke price crash again? 

According to the latest news from the petroleum coke market, Jinxi Petrochemical 1#B petroleum coke price decreased 15.85% to 6900-7000 yuan/ton, Jinzhou Petrochemical 1#B petroleum coke price decreased 7.89% to 7000 yuan/ton. The calcined petroleum coke is used to produce pre-baked anode for aluminum smelting and graphite electrode for steel making. Petroleum coke market reports 

Industry insiders said that the main reasons for petroleum coke price decline during this period are as follows:

1. In late May, imported coke has been transported to port intensively;

2. The rising of overall market supply forced refineries to actively reduce prices for shipment;

3. Global economy is declining, the uncertainty of petroleum coke prospects is increasing, and petroleum coke prices are under pressure;

4. In May, driven by pre-holiday stocking, petroleum coke price remained high, weakening the willingness of downstream enterprises to receive goods. Follow us for daily reports on carbon market.

 Today’s petroleum coke price fluctuations are as follows: