According to the commodity analysis system of SunSirs, the market for locally refined petroleum coke has risen significantly after the Spring Festival. As of February 10th, the price of locally refined petroleum coke in the Shandong market was 2,575.00 RMB/ton, an increase of 36.06% from 1,892.50 RMB/ton on February 5th.

Interms of cost: Recently, crude oil prices have fallen, the United States has imposed tariffs, and Trump has requested OPEC to increase production to lower oil prices. In addition, the significant increase in US crude oil inventories has raised concerns in the market about crude oil demand. There is limited support for the petroleum coke market in terms of crude oil.

Interms of supply: After the Spring Festival, the shipment of locally refined petroleum coke has been good, with active transactions. The price of petroleum coke has continued to rise significantly, with an increase of 300-1,200 RMB/ton. At present, the continuous status of petroleum coke storage in local refineries, coupled with plans to shut down or reduce production in some coking units, has reduced the supply of petroleum coke, which is beneficial to the petroleum coke market. Recently, imported petroleum coke has been gradually entering the port for storage, and the port inventory has increased. However, currently, traders are mainly executing preliminary orders, and imported sponge coke resources are tight, resulting in continuous price increases.

Interms of demand: In February, the performance of domestic industrial silicon processing production is still relatively differentiated. The overall operating rate in Xinjiang is expected to remain around 6 floors, while the operating rate in Northwest China is gradually recovering at around 80%. Some small factories in Yunnan have a slower recovery in operating, and the overall operating rate is expected to be around 25-28. At present, the trading atmosphere in the metal silicon market is relatively light. Metal silicon and upstream and downstream factories are gradually resuming production, and the transmission between supply and demand is gradually recovering. The demand for petroleum coke market in the silicon industry still exists.

At present, the operating rate of electrolytic aluminum enterprises is gradually increasing to the pre holiday level. The social inventory of aluminum ingots continues to accumulate, and downstream processing plants have not fully resumed work, mainly consuming pre holiday inventory; Trump said he will impose a 25% tariff on all steel and aluminum imports, and China's aluminum exports will continue to decrease. At present, aluminum carbon enterprises are actively replenishing raw petroleum coke after the holiday, and demand support is favorable for the petroleum coke market.

The market for calcined coke continues to rise after the holiday, and due to the continuous increase in petroleum coke prices, the cost pressure of calcined coke has increased. Some companies have suspended quoting and accepting orders.

Market forecast: Currently, the inventory of petroleum coke in local refineries is limited, some refineries have suspended shipments, and imported petroleum coke is in short supply; Downstream aluminum carbon enterprises and negative electrode material raw material inventories of petroleum coke are low, and they are actively purchasing petroleum coke. It is expected that the petroleum coke market will continue to rise in the near future.

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