1、 Price data
According to the bulk list data of business society, the price of petroleum coke of local refiners rose sharply this week. On September 12, the average price of Shandong market was 3029.75 yuan / ton, which was 6.87% higher than that of 2835.00 yuan / ton on September 6.
On September 12, the commodity index of petroleum coke was 235.65, the same as yesterday, down 0.49% from the highest point of 236.81 in the cycle (2021-09-09), and up 252.29% from the lowest point of 66.89 on March 28, 2016. (Note: the period refers to the period from September 30, 2012 to now)
2、 Analysis of influencing factors
With the commencement of coke production in the inspection and repair plant, the supply of petroleum coke has increased, but at present, the imported petroleum coke resources have decreased, the self consumption of petroleum coke in some refineries has increased, the inventory of refineries is low, the downstream demand is good, the trading is active, and the price of locally refined petroleum coke has increased significantly.
Upstream: the international oil price fluctuated downward, and the market mainly focused on the recovery time of production capacity affected in the Gulf of Mexico after the hurricane, poor employment data in the United States, downward stock market and the spread of delta virus. The main tone of the market is bearish oil market.
Downstream: the price of petroleum coke in the upstream continues to rise, and the price of calcined coke rises; Metal silicon market rose sharply; The price of downstream electrolytic aluminum rose. As of September 12, the price was 22650.00 yuan / ton.
Industry: according to the price monitoring of business society, there are 12 kinds of commodities rising month on month in the energy sector in the list of commodity prices rising and falling in the 36th week of 2021 (9.6-9.10), including 5 kinds of commodities rising by more than 5%, accounting for 31.3% of the monitored commodities in this sector; The top three commodities were methanol (7.93%), dimethyl ether (7.42%) and coking coal (7.10%). There are four commodities with month on month decline, and the top three products are liquefied natural gas (- 2.31%), WTI crude oil (- 1.66%) and Brent crude oil (- 1.60%). The average rise and fall this week was 2.56%.
The petroleum coke analyst of business society believes that the inventory of local refineries is low recently, some refineries are mainly for their own use, and the downstream demand is good. It is expected that petroleum coke may rise in the near future.
| PVA |