Coking product prices are declining, and profits for Shandong local refineries' coking operations have significantly decreased.

The latest data shows that as of the week ending February 12, the theoretical processing profit of Shandong delayed coking units is 82 yuan/ton, a decrease of 61 yuan/ton or 42.66% week-on-week, and a decrease of 177 yuan/ton or 68.34% year-on-year. Currently, the domestic delayed coking theoretical profit is in the profit zone. This week, the weekly average price of coking coal increased by 46 yuan/ton week-on-week, costs have risen, while prices of other coking products have mostly fallen or remained stable. The decline in coking product prices has led to a decrease in the theoretical profit of delayed coking. (Longzhong Information)

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