According to the commodity analysis system of SunSirs, the recent market for refined petroleum coke has slightly declined. As of August 31, the price of refined petroleum coke in the Shandong market was 1,454.00 RMB/ton, a decrease of 0.34% from 1,459.00 RMB/ton on August 28.
On the cost side: The crude oil market has fluctuated and risen, and the geopolitical situation in the Middle East has affected the trend of the crude oil market. The tense situation has boosted confidence in the crude oil market. Due to the significant decrease in US crude oil inventories and the gradual end of the US oil peak season, the crude oil market is mainly affected by range fluctuations caused by both long and short factors.
Supply side: Recently, refineries have been actively reducing inventory, and mainstream coke prices have remained stable for the time being, with some coke prices experiencing a narrow decline. As the end of the month approaches, downstream funding pressures are high, and companies are generally less proactive in receiving goods. There is limited procurement of petroleum coke, and transactions are average. Recently, the petroleum coke market has resumed production, and imported petroleum coke is still arriving at ports. The speed of port inventory clearance is average, and the domestic petroleum coke market has sufficient supply.
On the demand side: Due to the continuous downward trend of the previous market, although a small number of metal silicon factories have shut down, the overall operating rate on site is still high, and the overall supply of metal silicon is still loose. The overall pressure on the supply side is high, and the market's destocking performance is average. The support provided by the supply side for metal silicon is weak. At present, the demand for purchasing petroleum coke from metallic silicon is average, and the support for the petroleum coke market is average.
In recent times, the market for medium sulfur calcined coke has remained stable, with some companies indicating that their orders for September are still acceptable. The shipment of general goods has improved compared to the beginning of the month. Currently, most companies are selling at a stable price, and downstream companies are mainly observing and waiting.
In the off-season of aluminum processing in August, the inventory data of electrolytic aluminum shows good domestic supply and demand. At the same time, the expectation of the traditional peak season of "Golden September and Silver October" has further boosted market expectations. Yunnan electrolytic aluminum enterprises are nearing the end of their resumption of production, with high daily output and narrowing upward space; Overseas New Zealand direction, due to power shortages, supply has slightly decreased. Downstream aluminum carbon enterprises maintain essential procurement of petroleum coke.
Currently, the overall trading in the petroleum coke market is average. As the end of the month approaches, downstream enterprises are cautious in their procurement and mainly focus on receiving goods on demand; In addition, imported petroleum coke has recently been concentrated in the port, and local refining enterprises have resumed production one after another. The supply of petroleum coke is sufficient, and it is expected that the market situation of local refining petroleum coke will be mainly consolidated in the near future.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.