SunSirs--China Commodity Data Group

Sign In

Join Now

Contact Us

Customer
Service
Home > Petroleum coke News > News Detail
Petroleum coke News
SunSirs: China Refined Petroleum Coke Price Rose in October
November 04 2024 10:57:47SunSirs(Selena)

According to the commodity analysis system of SunSirs, the market for locally refined petroleum coke rose in October. The mainstream average price of petroleum coke products from major domestic refineries was 1,478.50 RMB/ton on October 31 and 1,428.50 RMB/ton on October 1, with a monthly increase of 3.50%.

In terms of cost: International oil prices fluctuated in October, with a significant increase in crude oil market prices at the beginning of the month. On the one hand, the tense geopolitical situation in the Middle East has had an impact, which is positive news for international oil prices. On the other hand, the supply of crude oil remains tight. The OPEC +2.2 million barrels per day production reduction before the end of November will still be effective, and some oil producing countries have stated that they will carry out compensatory production cuts. The supply shortage still exists, and the international crude oil price trend is rising. In mid to late October, oil prices began to fall, 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. Overall, the price of crude oil market has not changed much and is mainly fluctuating.

In terms of supply: During the National Day holiday, the crude oil market rose, the domestic commodity market pushed up, local refineries shipped normally during the holiday, downstream receiving sentiment was positive, and with downstream demand support after the holiday, the market for local refined petroleum coke continued to rise in the first half of October; In the second half of October, downstream purchases will be made on demand, and refineries will actively ship. Refineries will adjust the price of petroleum coke based on indicators and inventory. In October, the spot of low sulfur petroleum coke at the port was limited, with low inventory and increased market inquiries.

In terms of demand: The overall market situation of 10 metal silicon is not volatile, and the supply of silicon enterprises in Inner Mongolia, Ningxia, Shaanxi, and Shandong is relatively stable. Yunnan mainly delivers early orders, and the overall price on the supply side is relatively low and stable. The overall purchasing volume of silicon metal downstream is limited, and downstream purchases are cautious, with a strong wait-and-see attitude. The overall market recovery from the demand side is average. 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 sulfur calcined coke in October first rose and then fell, with limited downstream demand. Currently, most companies are pre-saleing orders for next month, and downstream customers are mainly observing and waiting.

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. Aluminum carbon enterprises have stable demand and mainly purchase on demand.

Currently, downstream demand for petroleum coke in the refining industry is increasing, supporting the petroleum coke market. However, the latest pricing for pre baked anodes in November has slightly declined, and carbon companies are showing a strong wait-and-see attitude. It is expected that petroleum coke prices will be adjusted narrowly based on indicators and inventory in the near future.

 

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.

Exchange Rate:

8 Industries
Energy
Chemical
Rubber & Plastics
Textile
Non-ferrous Metals
Steel
Building Materials
Agricultural & Sideline Products