According to the commodity analysis system of SunSirs, the recent market for refined petroleum coke has fluctuated, with a slight overall decline. As of September 24th, the price of refined petroleum coke in the Shandong market was 1,438.50 RMB/ton, a decrease of 0.17% from 1,441.00 RMB/ton on September 16th.

Cost wise: The crude oil market has fluctuated and risen, and the tense geopolitical situation in the Middle East, coupled with the Federal Reserve's interest rate cuts, has boosted the crude oil market. At present, geopolitical instability continues to affect the market. The traditional peak season in the United States has ended, and global economic data has performed poorly. However, the Federal Reserve's interest rate cuts have boosted the oil market, and the crude oil market is mainly volatile.

Supply side: Recently, some refineries have resumed production, and the market supply has increased. Refineries are actively selling and digesting inventory, while downstream purchases are made according to demand. Refineries adjust the price of petroleum coke based on inventory. Recently, imported petroleum coke has been gradually arriving at the port, but the speed of port inventory clearance is average, and the inventory of petroleum coke at the port is high.

On the demand side: As we enter September, the metal silicon market remains stable. As of September 19th, there were 371 metal silicon furnaces in operation in China, with an overall start-up rate of 49.73%, an increase of 2 furnaces compared to last week. There are plans to shut down some silicon plants in the southwest, which will continue to be implemented gradually in the future, and there is still room for a decrease in the overall operating rate. At present, the demand for purchasing petroleum coke from metallic silicon is average, and its support for the petroleum coke market is limited.

Future forecast: Currently, the overall trading of the petroleum coke market is average, with high inventory of imported petroleum coke, some refineries resuming production, and sufficient supply of petroleum coke; The downstream demand is mainly driven by essential needs, and it is expected that the recent consolidation of the petroleum coke market will be the main trend.

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