Price data

According to the data of SunSirs, the price of petroleum coke from local refiners rose slightly last week. On August 28, the average price of Shandong market was 4,089.00 RMB/ ton, up 0.62% from the price of 4,064.00 RMB/ ton on August 22.

On August 28, the petroleum coke commodity index was 318.03, which was the same as the previous day, down 22.18% from the highest point 408.70 (May 11, 2022) in the cycle, and up 375.45% from the lowest point 66.89 on March 28, 2016. (Note: the period refers to September 30, 2012 to now)

Analysis of influencing factors

Last week, the price of petroleum coke in the refinery increased slightly, the refinery shipment improved, the inventory was low, and the downstream procurement was mainly based on demand.

Upstream: international crude oil prices fluctuated and rose. According to the data released by the US Energy Information Administration (EIA) on Wednesday, the stocks of crude oil and refined oil fell last week; At the same time, the market is still worried about the remarks made by the organization of Petroleum Exporting Countries and its allies (OPEC+) on the possibility of simultaneous production reduction after the return of Iranian oil to the market. The oil price is supported in the short term, and it is expected that the price of finished oil may rise in the later period.

Downstream: the price of calcined coke remained stable as a whole last week; The market price of metal silicon has dropped sharply; The price of electrolytic aluminum in the downstream rose, and as of August 28, the price was 18,733.33 RMB/ ton; Downstream carbon enterprises mostly hold a wait-and-see attitude and mainly purchase on demand.

SunSirs petroleum coke analyst believes that: the international crude oil surged last week, which was supported by the cost of petroleum coke; The downstream carbon enterprises mostly hold a wait-and-see attitude, mainly purchasing on demand. The petroleum coke shipment of the refinery has improved, and the inventory is low. It is expected that the price of locally refined petroleum coke may rise slightly in China in the near future.

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