The price of locally refined petroleum coke rose slightly this week (8.22-8.28)

1、 Price data

 

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According to the data of the trade agency’s bulk list, the price of petroleum coke from local refiners increased slightly this week. On August 28, the average price of Shandong market was 4089.00 yuan / ton, up 0.62% from the price of 4064.00 yuan / ton on August 22.

 

On August 28, the petroleum coke commodity index was 318.03, which was the same as yesterday, down 22.18% from the highest point 408.70 in the cycle (2022-05-11), and up 375.45% from the lowest point 66.89 on March 28, 2016. (Note: the period refers to September 30, 2012 to now)

 

2、 Analysis of influencing factors

 

This week, the price of petroleum coke in the refinery increased slightly, the shipment of the refinery 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.

 

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Downstream: the calcined coke price remained stable as a whole this 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 18733.33 yuan / ton; Downstream carbon enterprises mostly hold a wait-and-see attitude and mainly purchase on demand.

 

The petroleum coke analysts of business association believe that: the international crude oil surged this 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 the near future.

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