According to the data from SunSirs, the mainstream average price of petroleum coke products of major domestic refineries in March was 2,078.25 RMB/ ton at the beginning of the month and 1,892.50 RMB/ ton at the end of the month, with a monthly drop of 185.75 RMB/ ton or 8.94%.

On March 31, the petroleum coke commodity index was 147.19, up 0.97 points from the previous day, down 8.94% from the highest 161.64 points (2021-03-04) in the cycle, and up 120.05% from the lowest 66.89 points on March 28, 2016. (Note: period refers to from September 30, 2012 to now)

In March, local petroleum coke continued to fall. The downstream demand is stable, low sulfur coke resources are tight, and the price is rising. In the first ten days of this year, the storage of medium and high sulfur coke was high, the shipment was under pressure, and the refineries reduced the price; at the end of March, the refineries shut down for maintenance, the market supply and demand were good, and the price rose.

Industry: according to the price monitoring of SunSirs, in the list of commodity prices in the 12th week of 2021 (3.22-3.26), there were three kinds of commodities in the energy sector, among which there wae one commodity with an increase of more than 5%, accounting for 6.3% of the monitored commodities in the sector; the top three commodities with an increase were thermal coal (6.54%), DME (0.53%) and methanol (0.11%). There were 12 kinds of commodities that declined on a month on month basis, and 1 kind of commodity with a decline of more than 5%, accounting for 6.3% of the number of commodities monitored in the sector; the top three products of the decline were coke (-5.71%), WTI crude oil (-4.69%) and fuel oil (-4.20%). Last week's average rise or fall was -1.25%.

SunSirs petroleum coke analysts predicted that: the market price of local petroleum coke continued to decline in March, and the supply decreased at the end of the month due to the influence of the maintenance season; moreover, the refineries actively shipped at the end of the month, and affected by the downstream procurement plan in April, it is expected that the price of China petroleum coke may rise in April.

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