According to the commodity analysis system of SunSirs, the local refined petroleum coke market fluctuated last week, with a slight overall decline. As of September 29th, the price of refined petroleum coke in the Shandong market was 1,428.50 RMB/ton, a decrease of 0.45% from 1,435.00 RMB/ton on September 23rd.

Cost wise: Last week, the crude oil market declined, the Eurozone economic data was weak, and the market remains concerned about the demand outlook. Coupled with the expected continued recovery of Libyan crude oil supply and the weakened impact of US hurricanes on crude oil production.

Supply side: Last week, some downstream petroleum coke companies stocked up before the holiday, and refineries actively shipped to digest inventory. Refinery inventory was overall low, and refinery petroleum coke prices fluctuated. Recently, a small amount of imported petroleum coke has arrived at the port, but it has not yet been fully stored. The speed of port inventory clearance has accelerated, and the inventory of petroleum coke at the port has slightly decreased.

On the demand side: Last week, the silicon metal market saw a slight decline. As of September 19th, there were 371 metal silicon furnaces in operation in China, with an overall start-up rate of 49.73%. At present, the demand for purchasing petroleum coke from metallic silicon is average, and its support for the petroleum coke market is limited.

Recently, the market for medium sulfur calcined coke has slightly declined, and downstream demand is limited. Currently, most companies are selling at stable prices, and downstream companies are mainly observing and waiting.

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 multiple sectors have experienced a rebound in operating rates, with electrolytic aluminum and aluminum rod inventories both experiencing slight destocking. It is expected that supply and demand will stabilize in the short term. Aluminum carbon enterprises have a strong wait-and-see attitude and focus on on-demand procurement.

At present, the overall trading of the refined petroleum coke market is average, and some refineries have basically signed orders during the National Day holiday. It is expected that the recent consolidation of the refined petroleum coke market will be the main trend.

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