1、 Price data

According to the data of the business club’s block list, the price of petroleum coke products of domestic refineries continued to rise. The average price of Shandong market on May 30 was 2302.00 yuan / ton, down 2.81% from the average price of 2368.67 yuan / ton on May 24. On May 30, the petroleum coke commodity index was 179.05, which was the same as yesterday, decreased by 2.81% from the highest point 184.23 (2021-05-25) in the cycle, and increased by 167.68% from the lowest point 66.89 on March 28, 2016（ Note: period refers to the period from September 30, 2012 to now

2、 Analysis of influencing factors

This week, the storage of local refined petroleum coke was high, and the price continued to fall. The downstream demand of low sulfur coke is poor, and the price continues to be weak. Refinery maintenance is about to start, some refinery inventory is high, and the price of medium and high sulfur coke continues to fall.

Upstream: the international oil price rose sharply, and the US Iran negotiation process still affected the market sentiment. However, due to the storm in the Gulf of Mexico that may lead to the closure of oil fields, and the disagreement on Iran’s lifting sanctions negotiations, the international oil price rose for a time.

Downstream: the price of raw materials has fallen, the cost pressure of carbon enterprises has decreased, and the recent strict environmental supervision may affect the operating rate of enterprises; The price of calcined coke declined; As of May 30, the price of electrolytic aluminum in the lower reaches rose to 18830.00 yuan / ton; The silicon metal market is affected by the supply and demand factors recently, and the price rises and falls with each other.

Industry: according to the price monitoring of the business community, in the list of commodity prices in the 21st week of 2021 (5.24-5.28), there were 8 kinds of commodities in the energy sector that rose month on month, including 1 kind of commodity that rose more than 5%, accounting for 6.3% of the number of commodities monitored in the sector; The top three commodities were WTI crude oil (5.14%), Brent crude oil (4.15%) and liquefied natural gas (0.87%). There were six kinds of commodities that declined on a month on month basis, and the top three products were steam coal (- 4.86%), petroleum coke (- 2.81%) and liquefied gas (- 1.35%). The average rise and fall this week was 0.16%.

According to the petroleum coke analysts of business society, the early inspection and repair plants have started in succession, the storage of local petroleum coke is high, the refinery goes out of stock at the end of the month, the price is reduced, and the environmental protection and carbon neutralization factors affect the overall prediction that the petroleum coke may go down in the near future.