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SunSirs: The Price of Petroleum Coke Increased Last Week

Increase font size  Decrease font size Date:2022-11-18   Views:15

  According to the data of SunSirs, the price of petroleum coke of local refineries rose last week. On November 13, the average price of Shandong market was 3876.50 RMB/ ton, 1.97% higher than the price of 3,801.50 RMB/ ton on November 7.

  On November 13, the petroleum coke commodity index was 301.51, unchanged from the previous day, 26.23% lower than the cycle's highest point of 408.70 (2022-05-11), and 350.75% higher than the lowest point of 66.89 on March 28, 2016. (Note: the cycle refers to the period from September 30, 2012 to now)

  The refinery's petroleum coke shipment was good last week. At present, the refinery's inventory is at a low level, downstream demand is good, and the price has risen as a whole.

  Upstream: International crude oil prices fell in shock. OPEC will start to reduce production in November. At that time, crude oil production will decline, strongly supporting oil prices. EIA data shows that the US crude oil export volume has reached a record high, and the US total crude oil inventory has fallen to a nearly 21 year low, promoting the rise of crude oil prices. However, the overall economy is weak, and the prospect of energy demand is still not optimistic. The economic weakness depresses oil prices. The oil demand expectation in Asia is still uncertain. With the mid-term elections in the United States looming, the market's worries about demand have depressed oil prices.

  Downstream: the price of calcined coke was basically stable last week; The market price of metal silicon is stable; The price of electrolytic aluminum in the downstream rose by shock. As of November 13, the price was 18,776.67 RMB/ ton; Downstream carbon enterprises have good purchasing enthusiasm.

  Last week, the international crude oil fluctuated downward, and the cost support of petroleum coke was limited; At present, the petroleum coke stock of geological refining enterprises is at a medium low level, and the downstream carbon enterprises are more active in purchasing. It is expected that the price of petroleum coke will rise slightly in China in the near future.

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