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SunSirs: China Petroleum Coke Prices Fell slightly Last Week (January 25-29)
February 01 2021 11:07:41SunSirs(Selena)

According to the data of SunSirs, the price of petroleum coke products of domestic refineries fell slightly. The average price of Shandong market at the beginning of the week was 1,724.00 yuan / ton, while the average price of petroleum coke market at the weekend was 1,685.25 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 the previous day, down 15.75% from 155.59 points (2018-01-25), 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)

Last week, the price of local 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. Last 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 was weak; the price of downstream electrolytic aluminum was weak and volatile; the silicon metal market was stable.

Industry: according to the price monitoring of SunSirs, in the list of commodity price rise and fall in the 4th week of 2021 (1.25-1.29), there were 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 were LNG (11.38%), coke (3.91%) and LPG (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 thermal coal (-12.77%), DME (-2.30%) and petroleum coke (-2.25%). The average rise and fall this week was -0.19%.

SunSirs 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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