1、 Price data
According to the data from the business club’s bulk list, the price of domestic refiners’ petroleum coke products rose slightly. On August 26, the average price of petroleum coke in the market was 1230.5 yuan / ton, which was 0.14% higher than that of last year. It was the highest point of August 28.01 in 2016, which was 38.04% higher than that of August 28, 2016. (Note: period refers to 2012-09-30 to now)
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2、 Analysis of influencing factors
The overall shipment of No. 26 petroleum coke was better, mainly due to the shortage of coke market resources, low inventory of refineries and active downstream procurement. The recent downstream demand of petroleum coke is fair, the shipment is good, and the price has a slight upward trend. The shipment of medium and high sulfur petroleum coke in the frozen area was good, and the price increased by about 20-30 yuan / ton. The trading of high sulfur petroleum coke in East China was relatively stable, and the price was increased by about 20 yuan / ton.
Upstream: on August 25, the U.S. WTI crude oil futures market price rose, with the settlement price of main contracts at $43.35/barrel, up $0.73. Brent crude oil futures market prices rose, the main contract settlement price to 46.29 U.S. dollars / barrel, up 0.65 dollars. WTI crude oil and Brent crude oil reached the highest level since March, mainly due to the hurricane, most of the offshore crude oil production units along the Gulf of Mexico were shut down, and supply risk partially offset the impact of the epidemic.
Downstream: recent high price consolidation of glass. The trend of glass spot market shows the trend of regional differentiation, and the quotation of manufacturers in South China and East China can still rise slightly; the prices of manufacturers in North and central China are mainly stable, and the market transaction is general. On the whole, some regions have different degrees of acceptance of the existing price system, and the orders of deep processing enterprises have also changed slightly. Manufacturers have a strong willingness to stand up for prices, and they are reluctant to adjust prices in the traditional peak sales season, mainly to stabilize prices. The overall demand for petroleum coke in the downstream is good.
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Industry: according to the price monitoring of business agency, there are 6 kinds of commodities in the energy sector rising and falling list in the 33rd week of 2020 (8.17-8.21), with coke (3.01%), dimethyl ether (2.38%) and WTI crude oil (1.93%). There were 7 kinds of commodities falling month on month, and the top three products were liquefied natural gas (- 2.56%), MTBE (- 1.34%) and diesel (- 0.58%). This week, the average rise or fall was 0.22%.
3、 Future forecast
Under the influence of tight supply of resources, the market price of petroleum coke kept rising slightly. The trading atmosphere of petroleum coke market was good, and the current transaction of petroleum coke was acceptable. It is expected that there will still be a small rise in the oil coke market in the later period, and the overall high consolidation market will be the main operation.
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