1、 Price data

According to the bulk list data of business society, the price of petroleum coke of domestic local refiners continued to rise this week. The average market price in Shandong was 2616.00 yuan / ton on August 29, up 1.06% from 2588.50 yuan / ton on August 236.

On August 29, the commodity index of petroleum coke was 203.47, unchanged from yesterday, hitting a record high in the cycle, up 204.19% from the lowest point of 66.89 on March 28, 2016（ Note: period refers to 2012-09-30 to now)

2、 Analysis of influencing factors

This week, the operating rate of refineries increased, the supply of petroleum coke increased, the demand was good, and the price of locally refined petroleum coke rose and fell.

Upstream: international crude oil rose sharply, mainly due to the decline of crude oil and refined oil inventories in the United States last week according to the data of the American Petroleum Association (API). After superimposing the peak of China’s epidemic, demand continued to recover, boosting market confidence. In addition, the inventory data released by the U.S. Energy Information Administration (EIA) on Wednesday showed that crude oil inventories fell for the third consecutive week, Push oil prices to continue to rise.

Downstream: the price of upstream petroleum coke is high, and carbon enterprises continue to operate under pressure under the cost pressure of carbon enterprises; Calcined coke prices are rising steadily; Metal silicon market continues upward trend; The price of downstream electrolytic aluminum rose. As of August 29, the price was 20650.00 yuan / ton.

Industry: according to the price monitoring of the business community, in the list of commodity prices rising and falling in the 34th week of 2021 (8.23-8.27), there are 16 kinds of commodities rising month on month in the energy sector, including 4 kinds of commodities rising by more than 5%, accounting for 25% of the monitored commodities in the sector; The top three commodities were WTI crude oil (8.50%), Brent crude oil (7.67%) and coking coal (6.87%). A total of 0 commodities decreased month on month. The average rise and fall this week was 3.21%.

Petroleum coke analysts of business society believe that the operating rate of local refineries has increased recently, and the supply of local petroleum coke has increased, but the demand is good, the electrolytic aluminum market performs well, and carbon enterprises are under pressure. It is expected that petroleum coke may rise steadily in the near future.