1、 Price data
According to the data of the business club’s block list, the price of petroleum coke products of domestic refineries fell slightly. The average price of Shandong market at the beginning of the week was 1724.00 yuan / ton, while the average price of petroleum coke market at the weekend was 1685.25 yuan / ton, down 2.25%, up 61.97% year on year. On January 29, the petroleum coke commodity index was 131.08, down 3.01 points from yesterday, down 15.75% from 155.59 points (January 25, 2018), the highest point in the cycle, and up 95.96% from 66.89 points, the lowest point on March 28, 2016. (Note: period refers to from September 30, 2012 to now)
2、 Analysis of influencing factors
This week, the price of local refined petroleum coke was basically stable, and the price of some refineries fluctuated. The price of low sulfur coke kept stable. The price of medium and high sulfur coke was stable in the middle and lower reaches. At the end of the month, the downstream was mainly purchased on demand, and the refinery made profits to ship.
Upstream: U.S. crude oil stocks are declining, the U.S. dollar is weakening, and the global epidemic is still serious. The market is more concerned about the delay of vaccination and new travel restrictions that may depress demand. This week, WTI crude oil prices rose 0.13% and Brent crude oil prices fell 0.56%.
Downstream: affected by the downturn of downstream demand, the carbon market is weak; the price of downstream electrolytic aluminum is weak and volatile; the silicon metal market is stable.
Industry: according to the price monitoring of business community, in the list of commodity price rise and fall in the 4th week of 2021 (1.25-1.29), there are 5 kinds of commodities in the energy sector, including 1 kind of commodities with an increase of more than 5%, accounting for 6.3% of the number of commodities monitored in the sector; the top 3 commodities with an increase are liquefied natural gas (11.38%), coke (3.91%) and liquefied gas (2.06%). There were 9 kinds of commodities that declined on a month on month basis, and 1 kind of commodities with a decline of more than 5%, accounting for 6.3% of the number of commodities monitored in the sector; the top 3 products with a decline were steam coal (- 12.77%), dimethyl ether (- 2.30%) and petroleum coke (- 2.25%). The average rise and fall this week was – 0.19%.
Business community petroleum coke analysts believe that: at present, terminal demand is temporarily stable, calcined coke shipment is good, and it is expected that petroleum coke will be stable in the short term.
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