China’s domestic fuel oil 180CST price drops slightly

According to the data of business agency, as of October 23, the average price of domestic fuel oil 180CST was 3575.00 yuan / ton (including tax), down 0.35% from the beginning of the week.

 

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On October 23, the fuel oil commodity index was 72.41, down 37.53% from 115.91 (October 17, 2018), and 57.14% higher than 46.08, the lowest point on August 15, 2016. (Note: period refers to 2011-09-01 to now)

 

As of October 23, the support of domestic marine demand and power generation demand for fuel oil 180CST was weakened, and the market was willing to call back. According to the business agency, as of October 23, the self raised low sulfur price of 180 CST fuel oil in Ningbo area was 3550 yuan / ton; that of 120 CST fuel oil was 3600 yuan / ton; that of Shanghai area was 3550 yuan / ton; that of fuel oil was 120 CST The quotation of self lifting low sulfur is 3650 yuan / ton.

 

This week, the international crude oil price fluctuated and fell, dragging the price of fuel oil. WTI crude oil contract closed at $39.78/barrel on December 23, down 2.79% from $40.92/barrel at the beginning of the week, according to the business agency.

 

Singapore’s fuel oil inventory decreased from the previous week, forming a certain support for fuel oil. It is understood that as of October 21, Singapore’s stock of residual fuel oil (excluding asphalt), including fuel oil and low sulfur waxy residual oil, decreased by 335000 barrels to 24.317 million barrels, the lowest in nearly two weeks. During the week, inventories of light distillates, including naphtha, gasoline and reformate, fell by 540000 barrels to 13.299 million barrels, the lowest in nearly eight months. Mid distillate stocks fell 312000 barrels in the week to an eight week low of 14.814 million barrels.

 

Aftermarket forecast: energy analysts of business agency believe that the current severe epidemic situation in Europe and the United States, the prospect of crude oil and fuel oil demand is worrying, forming a negative impact on the later fuel market. However, with the arrival of the domestic cold winter season, the heating power demand may form a certain support for the fuel oil market. Overall, it is expected that the fuel oil 180CST market will continue to be weak in the short term, and there will be an upward opportunity in the medium term.

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The price of liquefied natural gas keeps rising, and the price in many places has exceeded 3000 yuan

1、 Price trend

 

According to the data of business agency, on October 23, the average price of domestic LNG was 3223.33 yuan / ton, up 7.8% compared with the beginning of the week (19th), up 34.12% month on month, and 14.12% lower than the same period last year.

 

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2、 Analysis of influencing factors

 

This week, the domestic LNG market is still in a continuous upward mode, with the price rising momentum not decreasing. Many places have risen to above 3000 yuan. Shaanxi, Shanxi, Inner Mongolia, Ningxia, Xinjiang, etc. have increased significantly. The price of liquid plants has increased by 100-250 yuan / ton during the week, which pushes up the sentiment. Since October 20, the benchmark price of feed gas has been raised by 0.1 yuan / m3 to 1.38 yuan / m3, which has boosted the market once again. Meanwhile, the price of inlet gas has also shown an upward trend, driving up the atmosphere of LNG market. At present, some cities in northern China have begun heating, the demand is expected to increase, the downstream replenishment is positive, and the supply of liquid plants is relatively sufficient. This week, the construction starts to improve, and there are not many maintenance enterprises. The liquid plant has no pressure in inventory, and the goods can be transported smoothly. The overall market mentality is good, and the price is rising steadily.

 

Data show that natural gas production has accelerated, and the growth rate of natural gas import has fallen. In September, 14.6 billion cubic meters of natural gas were produced, with a year-on-year increase of 7.6%, 3.9 percentage points faster than that of the previous month; the average daily output was 490 million cubic meters, an increase of 30 million cubic meters on a month on month basis. From January to September, 137.1 billion cubic meters of natural gas were produced, with a year-on-year increase of 8.7%. In September, 8.66 million tons of natural gas were imported, up 5.5% year-on-year, and the growth rate was 7.7% lower than that of the previous month. From January to September, 73.73 million tons of natural gas were imported, up 3.7% year on year.

 

According to the data monitoring of business agency, as of October 23, the average price in Inner Mongolia is around 3210 yuan / ton, and the price is rising; in Shaanxi, the average price is around 3340 yuan / ton, the price is rising; in Shanxi, the average price is around 3360 yuan / ton, the price is rising; in Xinjiang, the average price is around 3630 yuan / ton, the price is rising; in Ningxia, the average price is around 3220 yuan / ton, the price is rising, and the average price in Sichuan is 2790 yuan Around yuan / ton, the price is stable temporarily; the price of many places is rising.

 

Enterprise capacity rose and fell from October 23 to October 19

Inner Mongolia Shitai: 550000 cubic meters / day: 3200 yuan / ton: 2970 yuan / ton: 230 yuan

Star energy 1 million cubic meters / day 3250 yuan / ton 3000 yuan / ton 250 yuan

Inner Mongolia Sentai 1.2 million cubic meters / day 3200 yuan / ton 2970 yuan / ton 230 yuan

Zhongyuan green energy 3 million cubic meters / day 3220 yuan / ton 3000 yuan / ton 220 yuan

Shengdazizhou: 1 million cubic meters / day: 3330 yuan / ton: 3080 yuan / ton: 250 yuan

Dazhou Huixin: 1 million cubic meters / day: 2780 yuan / ton: 2780 yuan / ton

Ningxia Hongxing 1 million cubic meters / day 3360 yuan / ton 3080 yuan / ton 280 yuan

Qinshui Xinao — 3350 yuan / ton 3100 yuan / ton 250 yuan

Naomao Lake in Xinjiang (east of Lanzhou) 1.5 million m3 / D RMB 3210 / T RMB 3000 / T 210

Most downstream products show an upward trend

 

Methanol, recently, the market price of methanol increased slightly due to the favorable factors such as the maintenance of overseas units and the continuous storage of ports. At present, most traders ship at high prices, and methanol analysts of business associations predict that the domestic methanol market will fluctuate at a high level in the short term.

 

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Urea and upstream liquid ammonia have been consolidated at a high level recently, with good cost support. Domestic demand is fair, agricultural demand in some areas has followed up, and industrial demand follows the market and purchases on demand. In terms of supply, some units were overhauled and some of them were in short supply. According to the business association, the current agricultural demand has been followed up, and the downstream industry’s enthusiasm for urea procurement is fair. It is expected that the short-term urea market will fluctuate slightly.

 

For dichloromethane, at present, the domestic dichloromethane market is not started very high, the market inventory pressure is not big, and the manufacturers have good intention to raise prices, but the downstream market acceptance is not high, the market wait-and-see atmosphere is aggravated, and it is expected that the domestic dichloromethane market will still run stably in a short time.

 

Ethylene, current crude oil: Libya’s crude oil production may increase significantly, depressing the market atmosphere. Crude oil decline can not form a support for the ethylene market, so business agency data analysts predict that the next ethylene external price will mainly fall below.

 

3、 Future forecast

 

LNG analysts from the business club believe that: with the opening of winter heating, some areas have begun to fuel and replenish, and the demand is gradually increasing. The downstream procurement is more active, the production and sales of liquid plants are not under pressure, the market atmosphere is good, and the price is pushed up strongly. In addition, the price of domestic liquefied natural gas is generally rising, and it is expected that domestic liquefied natural gas prices will rise in the short term Natural gas market may continue to rise.

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October 23 PS market analysis

1、 Price trend

 

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Most PS factory prices in China are stable temporarily, while the firm offers stable, and the poor downstream demand is the main factor hindering the overall market atmosphere to be good.

 

2、 Market analysis

 

PS market trend is stable, and the price of PS in Zhanjiang is RMB 8400 / ton. The factory price of CITIC Guoan PS is 7950 yuan / ton for 525.

 

In August 2020, China’s PS (polystyrene) export volume was about 40000 tons, an increase of 01000 tons, an increase of 2.56% year-on-year. The total export volume from January to August 2020 was 21800 tons, a year-on-year decrease of 44000 tons, a year-on-year decrease of 16.79%.

 

3、 Post market forecast

 

PS market trend is stable, downstream factories into the market inquiry is general, the on-site mentality is cautious. It is expected that PS will be stable in operation, and it may be increased in a narrow range in some areas.

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Shandong formaldehyde market price rises slightly

The average price of formaldehyde in Shandong was 1050.00 yuan / ton on the 14th and 1066.67 yuan / ton on the 21st, up 1.59%. The current price is up 4.92% month on month, and the current price is 13.28% lower than last year.

 

Recently, the domestic market price of formaldehyde has risen slightly. As of October 21, the mainstream factory quotation in Central China is about 1012 yuan / ton, that of mainstream manufacturers in North China is 925 yuan / ton, and that in East China is 1082 yuan / ton. Linyi Yinhe formaldehyde production capacity is 120000 tons / year, and the formaldehyde plant is normal, with a daily output of 200 tons. Recently, the formaldehyde plant in Shandong Province has been in normal operation. Market trading atmosphere is general, real single transaction is OK, formaldehyde market slightly higher.

 

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Situation of upstream methanol: in recent years, the ex factory quotation of methanol enterprises in Shandong has remained stable. The reference price of Shandong methanol in Lubei market is 1750 yuan / ton, which is delivered to spot exchange. The methanol market in the central part of Shandong Province is stable at 1900-1920 yuan / ton, and it is expected that the peripheral goods will be delivered to spot exchange at 1750-1760 yuan / ton. The cost support is fair, and the formaldehyde market has a small upward trend.

 

In the near future, the demand of traditional downstream methylal and pentaerythritol is obviously better than that of wood plate mill, and the start-up is improved, and the support from the demand side is fair. Formaldehyde manufacturers actively shipping, the market rose slightly.

 

In recent days, the upstream raw material methanol rose and fell differently, affected by the cost side saw, while the price in Linyi area of Shandong Province was on the high side, and the inflow of surrounding goods inside and outside the field was more. Therefore, formaldehyde analysts of chemical branch of business society predicted that the formaldehyde price in Shandong Province would mainly fall slightly in the near future.

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Epichlorohydrin market price rose slightly this week (10.12-10.18)

1、 Price trend of epichlorohydrin

 

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(Figure: P value curve of epichlorohydrin product)

 

2、 Market analysis

 

Epichlorohydrin market rose slightly this week. As of October 18, the average price quoted by epichlorohydrin enterprises was 11200 yuan / ton, up 1.20% compared with the beginning of the week, and 2.61% lower than that of September 18, according to the large list data of business associations. In the first half of October, Shandong propylene market remained stable after a slight upward trend, with obvious cost support. Manufacturers mainly delivered orders, and the holding companies offered prices. Downstream operations were cautious. Small orders just needed to be followed up. The market trading atmosphere was general.

 

According to the data monitoring of the business agency, the price of epichlorohydrin of some enterprises is summarized (for reference only, the spot price of merchants is subject to the market, and the actual transaction price is mainly negotiated.)

 

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Enterprise market price specification date

Aite (Shandong) new materials Co., Ltd. $11000 / T, excellent products; 99.9% Min: October 17, 2020

Jinan planhua Chemical Co., Ltd. $11000 / T national standard 99.9-2020-10-16

Shandong Yukang Chemical Co., Ltd. 11300 yuan / T premium product; 99.9% Min: 2020-10-15

Jinan Mingyu Chemical Co., Ltd. 11300 yuan / T national standard 99.9-2020-10-14

Jinan Mingwei Chemical Co., Ltd. 11300 yuan / T premium product; 99.9% Min: 2020-10-14

Jinan aochen Chemical Co., Ltd. $11000 / T premium product; 99.9% Min: October 12, 2020

For upstream propylene, according to the data from the bulk list of business associations, the domestic propylene (Shandong) market price rose slightly in the first half of October and then remained stable, with a half month low price of 7503 yuan / ton at the beginning of the month; 7524 yuan / ton in the mid month (October 16), with a half month increase of 0.28%; and a half month high price of 7530 yuan / ton on October 8 and 9, with a half month amplitude of only 0.36%.

 

Downstream epoxy resin, on October 16, the downstream epoxy resin was in strong operation with obvious cost support. The spot supply was slightly tight. The factory made firm offer and the downstream purchased on demand. The wait-and-see mood was strong.

 

3、 Future forecast

 

According to the analysts of epichlorohydrin of the business agency, the price of propylene is running at a high level in the near future, the cost support is strong, there is no inventory pressure on the spot, and the downstream small orders just need to follow up, and the market atmosphere is general. It is expected that in the short term, the epichlorohydrin market may be stagnant, and the specific trend needs to pay more attention to the market information guidance.

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On October 19, the price of hydrochloric acid increased by 1.8%

Trade name: hydrochloric acid

 

Latest price (October 19): 282.50 yuan / ton

 

The mixed price of hydrochloric acid in Shandong Province rose slightly on October 19, 5.00 yuan / ton higher than that on October 16. The upstream liquid chlorine market is generally in general, which gives weak support to hydrochloric acid, while the market of silica and ammonium chloride in the downstream is high consolidation, which brings certain support to the price of hydrochloric acid. At the same time, the maintenance of enterprises has increased recently, the supply of hydrochloric acid is relatively tight, and the downstream purchasing enthusiasm is good. The by-product acid still impacts the market, and the pressure of hydrochloric acid shipment is greater.

 

Recently, the market price of hydrochloric acid in Shandong area may fluctuate slightly, and the quotation is about 280 yuan / ton.

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Potassium nitrate market remains stable this week (10.12-10.16)

According to the data monitored by the business agency, this week, the domestic first-class industrial grade potassium nitrate was quoted at 4162.50 yuan / ton. The current price is up 0.3% month on month, and the current price is 4.58% lower than last year.

 

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This week, the domestic market of potassium nitrate is stable, the price fluctuation is not big, downstream factories take more goods on demand, the inventory is relatively sufficient, the rising power is insufficient, the main stable state, according to the statistics of business agency: this week, the domestic mainstream manufacturers of nitrate quoted 3900-4400 yuan / ton (quotation is for reference only), according to different purchasing situation, the quotation is different.

 

This week, the quotation of mainstream manufacturers of potassium chloride is temporarily stable: the ex factory quotation of Qinghai Salt Lake potassium chloride at the weekend is 1850 yuan / ton, which is temporarily stable compared with the beginning of the week; the quotation of Anhui Badou potassium chloride sales at the weekend is 2000 yuan / ton, which is temporarily stable compared with the beginning of the week. Most of the imported potassium sources are concentrated in the hands of large traders, and the low price is hard to find. However, the overall transaction is not positive, the trading atmosphere is cold, and the domestic potassium chloride market is not volatile. Limited support for potassium carbonate

 

In recent years, the domestic potash fertilizer market import potassium port stock is at a high level, and the recent device operating rate of downstream factories is not high, and the market volume is weak, showing a slight deadlock. It is expected that the market of potassium nitrate will rise slightly in the short term, while the long-term market still needs to wait and see. (the above prices are provided by major potassium nitrate manufacturers all over the country and analyzed by potassium carbonate analysts of business club for reference only. Please contact relevant manufacturers for more price details.).

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In October, the market of PVC rose immediately after the festival

1、 Price trend

 

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According to the data monitored by the business agency (the average ex factory price of calcium carbide method SG5), the domestic mainstream PVC average price on October 10 was 6742.5 yuan / ton, up 0.94% compared with the beginning of the month, 2.47% on a month on month basis, and 0.71% higher than the same period last year.

 

2、 Market analysis

 

Jinjiu has passed, PVC rose 1.75% in the whole month, and the increase is not big. As the demand did not meet the expectations, the PVC market in the first half of the month showed a trend of rising and then falling, and the weak market continued to the middle of the month. In the second half of the month, the PVC spot market began to rise steadily. As the holidays approached, the downstream began to open the replenishment mode, and the futures continued to rise, boosting the spot market trend. The low-end price of PVC began to move closer to the high-end price. The market trading atmosphere turned better, and the industry was optimistic Source is not much, factory pre-sale is better, PVC center of gravity gradually moved up.

 

After the October holiday, the market of PVC rose, and the current price rose to more than 6700 yuan. This round of rise is mainly driven by the rise of futures, improved demand, tight supply of goods, and rising costs. PVC has become popular in large areas, and mainstream enterprises have raised it by about 50-170 yuan. Take Yihua, Inner Mongolia as an example, it rose from 6680 yuan / ton before the festival to 6850 yuan / ton after the festival, with an increase of 170 yuan. Some enterprises are in short supply and do not offer for the time being. Due to the limited transportation during the holidays, the quantity of PVC delivered has decreased, and it still needs time to recover after the festival. In addition, many enterprises such as Shandong Xinfa have planned to repair and repair recently, the market supply is tight, and the supply side is good, and the PVC price is up. After the festival, the downstream just needed replenishment, and most of the market transactions were at the low and medium price. However, the export market improved, the demand side was strong, and the trend of PVC was relatively strong.

 

On the spot, the domestic pvc5 type calcium carbide mainstream quotation range is 6560-6950 yuan / ton. At present, the mainstream of pvc5 type calcium carbide in East China is around 6800-6900 yuan / ton, the mainstream price of pvc5 type calcium carbide in Hebei is 6720-6770 yuan / ton, the price of Inner Mongolia is 6500-6550 yuan / ton, the range of Hangzhou is 6700-6800 yuan / ton, the mainstream price of Changzhou is 6680-6780 yuan / ton; the mainstream price of ordinary PVC carbide in Guangzhou is 6980-7100 yuan / ton The price of our company has risen steadily.

 

In terms of futures, PVC futures rose sharply after the festival, breaking through 6700 yuan, boosting the spot market. On the 9th, the main contract 2101 opened 6650 yuan / ton and closed at 6765 yuan / ton. The settlement price of the previous day was 6580 yuan / ton, up 2.81%. The trading range was 6625-6780 yuan / ton, with 152637 transactions and 194944 positions.

 

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Regional variety technology October 9

Changzhou PVC calcium carbide method 6680-6780 yuan / ton

Guangzhou PVC calcium carbide method 6980-7100 yuan / ton

Hebei PVC calcium carbide method 6720-6770 yuan / ton

Hangzhou PVC calcium carbide method 6700-6800 yuan / ton

 

Upstream crude oil, on October 9, the U.S. WTI crude oil futures market price fell, the main contract settlement price to 40.60 U.S. dollars / barrel, down 0.59 dollars. Brent crude oil futures market price fell, the main contract settlement price to 42.85 US dollars / barrel, down 0.49 US dollars. The fall in oil prices was mainly due to the end of a strike that affected Norway’s oil production.

 

For ethylene, the recent decline in the U.S. ethylene market has led to poor demand; the European ethylene market has declined with general market demand; the Asian ethylene price is mainly up, and the demand is fair. Affected by the price of upstream crude oil, ethylene market may fall mainly in the later period.

 

Calcium carbide, calcium carbide price rose slightly after the festival, the quotation was around 2690-2770 yuan / ton. The price of raw materials is low, and the cost of calcium carbide is generally supported. Downstream PVC market rose slightly recently, downstream customers are generally enthusiastic about calcium carbide procurement, and calcium carbide supply is normal. Calcium carbide rose slightly after the shock.

 

3、 Future forecast

 

PVC analysts in the business club believe that the trend of PVC futures after the festival is stronger, driving up the price of spot market. The superposition of fundamentals is better, and manufacturers have strong price support sentiment. It is expected that the trend of PVC will be stronger in the short term, and the price will rise steadily.

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Raw material prices fall little, cost support remains strong

Near the end of the month, the offer of epoxy resin is still high, mainly due to the influence of high raw material price. According to the monitoring data of business agency, since the end of September, the offer of liquid epoxy resin has been maintained at 20267 yuan / ton. Up to now, the listing value of domestic factories has been basically from 20500 yuan / ton. Among them, Baling Petrochemical plant is quoted at 20300 yuan / ton for normal operation, and other units are all Normal operation, full load and 80% operation are the main factors. In general, the start-up level of the unit is high.

 

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After the bisphenol a market, one of the raw materials in September, surged to the highest point in the year, and then went down in a wide range at the end of the month. In the middle and late ten days, the market quotation of bisphenol A was up to 13000 yuan / ton. Near the end of the month, the on-site offer was mostly concentrated at 11700-11800 yuan / ton. After the 15th, domestic factories continuously raised the listing price, with the cumulative increase of 1000-1200 yuan / ton, which directly boosted the morale of traders, and traders were also closely following the upward holding companies They are confident, but the good time is not long. As the price keeps rising, the terminal conflict is obvious, and the stock preparation is gradually coming to an end. The high-end price offer has been maintained for one or two days and then rapidly turns downward. However, as a whole, the shippers still insist on the high-level offer, and the offers in North China and East China are in the range of 11600-11800 yuan by the end of the month/ Throughout the year, the price is still high, while the price of phenol / acetone at the raw material end fluctuates and is in a dilemma. The cost support of BPA to downstream is still strong. At present, there is a big divergence in the market for October. It is uncertain whether the bisphenol a plant of Zhejiang Petrochemical Company can be put into operation smoothly next month. The price is high before the festival, many bearish downstream users are short of stock, and there is still a small amount of replenishment after the festival. The short-term bisphenol a market is still supported. If the demand for terminal stock after the festival is insufficient and the Zhejiang Petrochemical plant is shipped, the negative factors in the market will increase Phenol A may enter the fast down channel.

 

Another important raw material epichlorohydrin market offer after a wide rise, the market at the end of the month narrow downward into a weak adjustment state, the first few working days of the market offer smooth and excessive, overall, the price is relatively high, the market wait-and-see atmosphere is strong. From the factory point of view, the propylene process epichlorohydrin cost was high during the week, mainly because propylene and liquid chlorine were at high level, the cost of propylene process increased significantly, and the orders delivered by various factories were mainly, there was no inventory pressure on spot, and there was a strong price sentiment in holding goods. The epichlorohydrin units in China basically operate normally. Except for the shutdown of Shandong Haili unit, other plants are in normal operation. Dongying Liancheng has a 7-10 day maintenance plan in October.

 

In terms of units, Changchun Chemical’s 150000 T / A, Nantong Xingchen 160000 T / A, Baling Petrochemical 70000 T / A and Jinan Tianmao units are in normal operation, and 80% of the 170000 T / a units in Yangnong Jinhu are mainly supplied to contract users; some factories are mainly orders or stable supply contract users, so there is no pressure on the market circulation of goods.

 

From the perspective of business agencies, the new single offer of resin factory remains high, but the operators are resistant to high prices, the high market prices are under pressure, and the short-term resin market is high-end finishing. The business association predicts that the epoxy resin market will run in the trend of high-level consolidation, and the upstream and downstream situation will be closely watched, and the short-term liquid epoxy resin will be strong in 20100-20400 yuan / ton.

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In September, the overall price of petroleum coke showed an upward trend

1、 Price data

 

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According to the data of the business club’s bulk list, domestic refiners’ petroleum coke showed an overall upward trend in September. At the beginning of the month, the average price of petroleum coke in Shandong market was 1260 yuan / ton, and on September 29, the average price of petroleum coke was 1357.75 yuan / ton, with a price increase of 7.76% and a year-on-year increase of 12.53%. On September 28, the commodity index of petroleum coke was 105.60, flat with yesterday, down 32.13% from 155.59 (2018-01-25), and 57.87% higher than 66.89, the lowest point on March 28, 2016. (Note: period refers to 2012-09-30 to now)

 

2、 Analysis of influencing factors

 

At present, the market of petroleum coke is greatly affected by the coming of the double festival, and the price rises and falls. In terms of low sulfur coke, due to the limited resources of low sulfur coke and better downstream demand, the price of low sulfur coke is still good. In terms of medium and high sulfur coke, the downward risk is relatively large, because the trend of electrolytic aluminum is obvious. At the beginning of September, the price rose for a time. The reason is that the atmosphere of family building in the local refining petroleum coke market is more active, and the price has been rising all the way. The main reason is the shortage of petroleum coke resources. The recent rise of petroleum coke is good, the market trading atmosphere is better, and the current inventory remains low. Low sulfur coke resources are scarce, the price is stable and upward, medium and high sulfur coke resources are relatively limited, and the market price is rising. Some refineries have reduced production, aluminum enterprises have considerable profits, supporting the price rise of medium and high sulfur coke.

 

Upstream: this week’s EIA data showed that the US crude oil inventory continued to decline, which was good for the international crude oil price; however, negative news such as OPEC’s international discount sales of crude oil, the lowering of crude oil price expectations by institutions such as Barclays, the resumption of production of Libya’s crude oil and the aggravation of the epidemic situation in Europe continue to stimulate the international crude oil market. ETI crude oil prices fell 2.59% this week, while Brent crude oil prices fell 2.29%.

 

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Downstream: the general trend of glass spot market in mid and early September is general, the delivery speed of production enterprises has little change, the market transaction is stable, and the market sentiment is slightly loose. Generally speaking, in the process of traditional consumption peak season, the demand of terminal market presents rigid characteristics. At present, domestic real estate construction decoration orders are mainly increased, while export orders are limited. The acceptance of glass spot price by downstream real estate enterprises has increased by a certain extent compared with last month. At the same time, traders’ social inventory has also been reduced to a certain extent recently, and the purchase of original glass pieces has returned to the normal level and speed. In recent years, due to the rising price of petroleum coke, the profit margin of downstream carbon has shrunk, or it mainly purchases petroleum coke on demand. The price of petroleum coke rose. In the aspect of carbon in the middle and late September, the recent price drop in raw material market is good for carbon formation, but the downstream electrolytic aluminum continues to decline, which is a blow to the mentality of the industry. It is expected that the short-term carbon price will be under pressure. After a long period of rising prices, downstream enterprises used low-cost raw materials in the early stage, and the enterprises fell into losses, and the prices were mainly stable during the double festival.

 

Industry: according to the price monitoring of business agency, there are three kinds of commodities in the energy sector rising and falling list of commodity prices in the 38th week of 2020 (9.21-9.25), with coke (2.83%), liquefied natural gas (1.68%) and steam coal (0.67%). There were 12 kinds of commodities falling on a month on month basis, with MTBE (- 4.43%), asphalt (- 2.82%) and Brent crude oil (- 2.79%). This week, the average rise and fall was – 1.13%.

 

Business agency petroleum coke analysts believe: the current decline in the price of petroleum coke, the price of weak operation. Domestic carbon market trading is stable, the overall change is not big, the demand side is also relatively stable. Before the festival, manufacturers are more stable in shipping, mainly controlling inventory. It is expected that the current trend of Petroleum Coke will continue before the festival, depending on the downstream market demand.

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