【SMM Analysis: Low-Sulphur Petroleum Coke Prices Declined This Week】This week, low-sulphur petroleum coke prices declined, down 2.2% MoM. Cost side, raw material prices remained stable. Supply side, the negative impact of tariffs limited the inflow of imported resources, while maintenance operations at domestic refineries directly led to a reduction in production scale, keeping the petroleum coke market supply tight. Demand side, escalating tariffs significantly increased import costs, forcing downstream companies to reduce procurement scale or slow down expansion to maintain profit margins. Under the combined influence of supply and demand and costs, low-sulphur petroleum coke prices experienced a slight decline this week. Looking ahead, with demand side lacking growth momentum and supply side constrained, the petroleum coke market is unlikely to form a clear price increase or decrease driver. Prices may fluctuate slightly within the current range, with no breakthrough changes expected in the short term.