Price trend

According to the commodity analysis system of SunSirs, the recent local petroleum coke market is mainly weak. As of August 22, the price of local petroleum coke in Shandong market was 1451.50 RMB/ton, down 0.87% from 1464.25 RMB/ton on August 11.

Cost side: The crude oil market rose first and then fell. The previous crude oil market rose. On the one hand, it was affected by the tension in the Middle East, and the concerns about economic recession gradually eased, and international oil prices rose one after another. On the other hand, US crude oil inventories fell by 3.7 million barrels to 429.32 million barrels. US crude oil inventories fell beyond expectations, and the crude oil market trend rose. In the later period, due to the easing of the geopolitical situation and the end of the peak season for oil consumption in the United States, the crude oil market fell sharply due to multiple factors.

Supply side: Recently, the shipment of local petroleum coke has been average, the mainstream coke price has been temporarily stable, and some coke prices have been adjusted in a narrow range. The downstream purchase of petroleum coke is limited, and the transaction is average. Recently, downstream petroleum coke enterprises are cautious in accepting goods, mainly purchasing on demand, and the import petroleum coke market is under pressure.

Demand side: At present, the overall trading of the metal silicon market is still not active. The metallurgical plants and polysilicon plants downstream of metal silicon have reduced production, and the purchase intention of raw materials is weak. The wait-and-see sentiment in the market is strong, and the bearish sentiment of the industry has not diminished. The downstream organic silicon and grinding plants are also cautious in purchasing metal silicon raw materials, mostly for small orders of rigid demand. At present, the demand for metal silicon to purchase petroleum coke is general, and the support for the petroleum coke market is general.

Recently, the market of medium-sulfur calcined coke is mainly stable, and the market of upstream local petroleum coke is weak. At present, most companies are shipping at a stable price, and downstream companies are mainly waiting and watching.

In the off-season of aluminum processing in August, the domestic supply and demand are good according to the inventory data of electrolytic aluminum. As of August 22, the inventory of electrolytic aluminum in mainstream areas was 790,000 tons, which was 13,000 tons less than the inventory of 803,000 tons on August 1 at the beginning of the month. At the same time, the expectation of the traditional peak season of "Golden September and Silver October" has further boosted market expectations. Downstream aluminum carbon enterprises maintain rigid demand purchases of petroleum coke.

Market outlook

At present, the overall trading of petroleum coke market is general, and downstream enterprises are cautious in purchasing, mainly receiving goods on demand; in addition, imported petroleum coke has recently been concentrated in Hong Kong, and petroleum coke resources are generally abundant. It is expected that the local petroleum coke market will be mainly consolidated in the near future.

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