SMM

[SMM Analysis: Post-Holiday Petroleum Coke Market Heats Up with Explosive Price Surge] Post-holiday, the petroleum coke market experienced an explosive price surge driven by the dual factors of tightening supply and robust demand. However, as petroleum coke prices rapidly climbed, downstream enterprises developed a fear of high prices, leading to a noticeable decline in purchasing enthusiasm, resulting in a divergent price trend during the week. For mainstream refineries, their sales performance was moderate. Leveraging their brand advantages and relatively stable customer base, they managed to maintain a good sales pace despite the tight supply environment, enabling them to further push up petroleum coke prices. For local refineries, some enterprises faced poor sales due to weakened buying sentiment from downstream buyers. To stimulate sales, they were forced to lower prices, causing petroleum coke prices to decline. Nevertheless, the tight supply of petroleum coke is unlikely to ease in the short term. Coupled with strong long-term demand from downstream enterprises and support from just-in-time procurement, SMM expects petroleum coke prices to remain at high levels in the short term.