According to the data of SunSirs, the price of domestic refiners' petroleum coke products fell. At the beginning of last week, the average price of petroleum coke in Shandong market was 1,385.25 yuan / ton, and the average price of petroleum coke at weekend was 1,357.75 yuan / ton, with the price falling by 1.99% and 10.28% higher than that of last year. On September 24, the commodity index of petroleum coke was 107.16, flat with yesterday, down 31.13% from 155.59 (2018-01-25), and 60.20% higher than 66.89, the lowest point on March 28, 2016. (Note: period refers to 2012-09-30 to now)

Analysis of Influencing Factors

The market of petroleum coke is greatly affected by the coming Notional holidays, and the price of petroleum coke 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.

Upstream: the US WTI crude oil futures market price rose, and the settlement price of main contracts rose by $0.38 to $40.31/ barrel. Brent crude oil futures market prices rose slightly, with the settlement price of main contracts rising by $0.20 to $42.46/ barrel. Crude oil prices rose slightly, mainly supported by signs of tight US crude oil supply.

Downstream: the general trend of glass spot market in the near future is general. In terms of carbon, the recent price drop in the 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 carbon price will be under pressure in the short term.

Industry: according to the price monitoring of SunSirs, there were 13 kinds of commodities in the energy sector's rise and fall list of commodity prices in the 37th week of 2020 (9.14-9.18), among which there were 2 commodities with an increase of more than 5%, accounting for 12.5% of the total commodities monitored in this sector; the top three commodities of increase were WTI crude oil (9.84%), Brent crude oil (8.09%) and MTBE (3.61%). There were two kinds of commodities falling on a month on month basis. The top two products were LPG (-1.88%) and fuel oil (-1.36%). Last week, the average rise and fall was 1.85%.

SunSirs petroleum coke analysts believe: at present, the price of petroleum coke is declining, and the price is weak. Before China National holidays, manufacturers are more stable in shipping and mainly controlling the inventory. It is expected that the current trend of China petroleum coke will continue before the festival, depending on the downstream market demand.

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