SunSirs: Energy, the Price of Local Refined Petroleum Coke Rose slightly Last Week (May 6-9)

Last week, the price of refined petroleum coke increased slightly. According to SunSirs, the average mainstream price of petroleum coke products of domestic refineries at the beginning of the week was 1060 RMB/ ton, and 1080 RMB/ ton at the weekend, up 20 RMB/ ton in the week, or down 1.89% 。

On May 9, the petroleum coke commodity index was 84.00, the same as the previous day, 46.01% lower than 155.59 (2018-01-25), the highest point in the cycle, and 25.58% higher than 66.89, the lowest point on March 28, 2016. (Note: cycle refers to 2012-09-30 to now)

Analysis of Influencing Factors

Products: last week, the overall delivery of petroleum coke from the local refinery was good, the inventory of the refinery was low, and the price slightly increased.

Industry chain: upstream: according to the monitoring of SunSirs, WTI crude oil in the United States was $24.56/ barrel at the beginning of the week, $26.17/ barrel at the weekend, up or down 6.56%; Brent crude oil was $30.97/ barrel at the beginning of the week, $30.97/ barrel at the weekend, up or down 0. The production reduction agreement reached by OPEC+ came into effect. With the decrease of crude oil production in the United States, the demand of crude oil market improved, and the international crude oil price rebounded after falling. Downstream: Recently, calcined coke and carbon enterprises have delivered well. The price of electrolytic aluminum is supported by cost, and the price has increased. According to the data of SunSirs, the average price of domestic aluminum ingot Market as of May 12 was 12,853.33 RMB/ ton.

Industry: according to the price monitoring of SunSirs, in the 18th week of 2020 (5.4-5.8), there were 9 commodities in the list of commodity price rise and fall in the energy sector, including 4 commodities with an increase of more than 5%, accounting for 25% of the monitored commodities in the sector; the top three commodities were WTI crude oil (21.78%), Brent crude oil (8.31%) and LPG (8.08%). There wwere 5 kinds of commodities falling on a month on month basis, with gasoline (-3.33%), diesel (-1.52%) and naphtha (-1.47%) as the top three products. Last week's average was up or down 3.03%.

Market Forecast

Analysts of petroleum coke of SunSirs predict that the price of petroleum coke will rise slightly in the near future, and the price range may be around 1,000-1,150 RMB/ ton.

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