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Home > Petroleum coke News > News Detail
Petroleum coke News
SunSirs: China Refined Petroleum Coke Market Remains StableThis Week
November 01 2024 10:48:23SunSirs(Selena)

According to the commodity analysis system of SunSirs, the market for locally refined petroleum coke remained stable this week. As of October 31st, the price of locally refined petroleum coke in the Shandong market was 1,478.50 RMB/ton, which was stable compared to October 28th.

Cost wise: Crude oil prices have fallen this week, and the geopolitical situation in the Middle East is controllable. In addition, the future demand for crude oil market is worrying, which has led to a continuous decline in the oil market.

On the supply side: This week, downstream aluminum carbon enterprises in the refining of petroleum coke urgently need to stock up to support the petroleum coke market. The price of petroleum coke is affected by indicators, with mixed price fluctuations and average market trading. Recently, there has been limited availability of low sulfur petroleum coke in the port, with low inventory and increased market inquiries.

On the demand side: Currently, the supply of silicon enterprises in Inner Mongolia, Ningxia, Shaanxi, and Shandong regions is relatively stable, while Yunnan region mainly delivers early-stage orders, and the overall price on the supply side is relatively low and stable. At present, the demand for purchasing petroleum coke from metallic silicon is average, and its support for the petroleum coke market is limited.

The daily production of Yunnan electrolytic aluminum enterprises is at a high level, and the upward space has narrowed. However, recently, Southern Power Grid announced that Yunnan electrolytic aluminum may lift power restrictions this winter and next spring, and downstream electrolytic aluminum in Yunnan is expected to not reduce production in the fourth quarter; Downstream multiple sectors have experienced a rebound in operating rates, with electrolytic aluminum and aluminum rod inventories both experiencing slight destocking.

Market forecast: Currently, downstream demand for petroleum coke in the refining industry is increasing, supporting the petroleum coke market. It is expected that the price of petroleum coke will be adjusted narrowly based on indicators and inventory in the near future.

 

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