According to the commodity analysis system of SunSirs, the overall market for petroleum coke refining in August declined. The mainstream average price of petroleum coke products from major domestic refining manufacturers was 1,454.00 RMB/ton on August 31 and 1,471.75 RMB/ton on August 1, with a monthly decline of 1.21%.

On the cost side, the overall trend of crude oil in August was mainly volatile, with the geopolitical situation in the Middle East affecting the trend of the crude oil market. The tense situation boosted confidence in the crude oil market. Due to a significant decrease in US crude oil inventories and the gradual end of the US oil peak season, the crude oil market in August was mainly affected by range fluctuations caused by both long and short factors.

Supply side: In mid to early August, the petroleum coke market actively destocked, and refinery shipments were average, resulting in a continuous decline in petroleum coke prices; In late August, the downstream of sulfur index goods received actively, and the price of locally refined petroleum coke slightly increased. In August, imported petroleum coke continued to arrive at the port, but the speed of destocking at the port was average and the port inventory was high.

On the demand side: In August, due to the continuous downward trend of the previous market, although a small number of metal silicon factories shut down, the overall operating rate on site is still high. Therefore, the overall supply of metal silicon is still loose, and the overall pressure on the supply side is high. The market's destocking performance is average, and the support for metal silicon from the supply side 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.

The market for medium sulfur calcined coke declined in August, mainly due to the decline in the upstream petroleum coke market. 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 of the petroleum coke market is average, with high inventory of petroleum coke in ports in the near future. In addition, local refining enterprises are gradually resuming production, and the supply of petroleum coke is sufficient. It is expected that the market situation of local refining petroleum coke will be mainly consolidated in the near future.

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