According to the commodity analysis system of SunSirs, the market for locally refined petroleum coke continued to rise in mid March. As of March 21, the price of locally refined petroleum coke in the Shandong market was 2,382.50 RMB/ton, an increase of 4.03% from 2,290.25 RMB/ton on March 11.

Cost aspect: Recently, crude oil prices have fluctuated. On the one hand, the Russia Ukraine peace talks have released positive signals, and the United States is considering easing sanctions on Russia, which has reduced potential supply risks. In addition, oil producing countries plan to increase production slightly from April, which has affected the international crude oil market and led to a decline; On the other hand, the imposition of tariffs by the United States has intensified market concerns and may drag down global economic and demand expectations, resulting in a sluggish crude oil market.

Supply side: In mid March, the transaction of petroleum coke in the local refining industry was good, with prices continuing to rise. Refinery petroleum coke shipments were still acceptable, and downstream carbon enterprises had good purchasing enthusiasm, which supported petroleum coke. Recently, imported petroleum coke has been gradually entering the port for storage, mainly medium high sulfur petroleum coke. Due to the rise in local coking prices, the price of imported petroleum coke has also increased, and traders have been actively shipping, resulting in a faster delivery speed of petroleum coke from ports.

On the demand side: Recently, the trading atmosphere in the metal silicon market has been light, and downstream factories are mainly purchasing for essential needs. At the beginning of the week, the focus of negotiations in the metal silicon spot market narrowly declined. During the mid week and weekend periods, there is a confrontation between demand side price cutting and supply side price raising. Some regions have shown a slight trend of offering discounts after increasing production, but there are also some regions where the cost pressure is low and the willingness is not strong. The overall market has entered a stalemate, and the demand for petroleum coke in the silicon industry still exists.

At present, the imposition of tariffs on aluminum products has pushed up overseas aluminum prices, limited domestic production capacity, and the support of the "trade in" policy for terminal demand. With the continuous efforts of sectors such as new energy and A1, the end consumption path of aluminum products has expanded significantly. At present, aluminum carbon enterprises mainly purchase petroleum coke for essential needs.

In recent times, the overall market for calcined coke has remained stable, with long-term orders for benchmark calcined coke being the main focus. The shipment of general calcined coke has slightly improved due to the rise in raw material petroleum coke prices.

Currently, the shipment of petroleum coke from local refineries is good, and downstream customers have a high enthusiasm for receiving goods; In addition, with some refineries undergoing maintenance, the supply of petroleum coke may decrease, and it is expected that there will still be upward space for petroleum coke in the near future.

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