According to the commodity analysis system of SunSirs, the price of refined petroleum coke in Shandong market rose slightly last week. As of November 24th, the price of refined petroleum coke in Shandong market was 1,523.25 RMB/ton, an increase of 0.66% from 1,513.25 RMB/ton on November 28th.

Cost wise: Last week, crude oil prices rose, and OPEC's production reduction plan of 2.2 million barrels per day was extended until the end of December, which is good news for international oil prices.

On the supply side: Last week, the shipment of refined petroleum coke was still acceptable, but the supply of petroleum coke with medium and low sulfur indicators was relatively tight, resulting in a slight increase in prices. The price of high sulfur petroleum coke fluctuated, and the market trading was average. Last week, a small amount of imported petroleum coke arrived at the port, causing inventory to fall. Low sulfur petroleum coke spot was limited, and market inquiries increased.

On the demand side: Currently, there is little change in the overall supply of metallic silicon in China, and most of the silicon industry in Xinjiang is mainly based on pre orders, with little change in spot supply. Due to the overall low operating rate in Yunnan and Sichuan regions, although there are relatively few new spot orders and overall transaction orders, inventory pressure is not high, and the overall shipping mentality is normal. The market has stable quotes in multiple dimensions.

Recently, the market for medium sulfur calcined coke has remained stable, with limited downstream demand. Currently, most companies are starting to pre sell orders for next month, and downstream customers are mainly observing and waiting.

The early rise in aluminum prices was mainly due to the upward shift of the cost center, which drove the rise of the industrial chain market. In particular, the price of raw material alumina has risen significantly, and the near end fundamentals are expected to be good, resulting in strong prices and causing aluminum prices to skyrocket. At present, the main reason for the decline in aluminum prices is due to fundamental considerations of supply and demand. After rising, prices have begun to make slight corrections.

Currently, downstream negative electrode and carbon enterprises are facing an increase in inquiries, urgent procurement needs, and decent trading in the local petroleum coke market. In addition, due to the tight inventory of low sulfur petroleum coke, it is expected that the price of petroleum coke may rise slightly in the near future.

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