SMM Analysis: Downstream Enterprises Still Have Intention to Stock Up, Petroleum Coke Prices Remain on the Rise

Overall, the supply in the petroleum coke market has slightly declined, with fewer refineries undergoing maintenance in the first quarter and port inventories being reduced. However, the overall supply remains relatively adequate. In terms of demand, aside from stockpiling during the Spring Festival holiday, there are currently no other positive supports. Therefore, SMM believes that after a temporary rise, petroleum coke prices are still expected to face a downward trend. However, the intention of downstream enterprises to stock up is still present, and it is expected that the coke prices will remain stable or experience moderate increases next week…