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SunSirs: China Petroleum Coke Prices Continued to Decline Last Week (March 15-19)
March 24 2021 13:41:51SunSirs(Selena)

According to the data of SunSirs, the price of petroleum coke products of domestic refineries continued to rise. The average price of petroleum coke in Shandong market was 1,980.75 RMB/ ton at the beginning of last week, and 1,925.00 RMB/ ton at the weekend. The price dropped by 2.81%, up 50.39% year on year. On March 19, the petroleum coke commodity index was 149.72, down 0.59 points from the previous day, down 7.37% from the highest 161.64 points (2021-03-04) in the cycle, and up 123.83% from the lowest 66.89 points on March 28, 2016. (Note: period refers to from September 30, 2012 to now)

Last week, the price of local refined petroleum coke continued to decline. Low sulfur coke is in short supply, stable demand and stable price. The storage of medium and high sulfur coke is high, the shipment is under pressure, and the refinery will reduce the price for shipment.

Industry: according to the price monitoring of SunSirs, in the list of commodity prices in the 11th week of 2021 (3.15-3.19), there were three kinds of commodities in the energy sector that increased month on month, among which there was one commodity that has increased more than 5%, accounting for 6.3% of the number of commodities monitored in the sector; the top three commodities that increased were LNG (8.76%), thermal coal (0.43%) and MTBE (0.41%). There were 12 kinds of commodities that declined on a month on month basis, and 2 kinds of commodities with a decline of more than 5%, accounting for 12.5% of the number of commodities monitored in the sector. The top 3 products with a decline were Brent crude oil (-8.94%), WTI crude oil (-8.46%) and coke (-4.39%). Last week, the average rise and fall was -1.84%.

SunSirs petroleum coke analysts believe that: the local refining market has entered the maintenance cycle one after another, Hengyuan petrochemical and Xinhai Petrochemical have shut down for maintenance, but the downstream carbon market is short of funds, and the crude oil price in the international market has plummeted. It is expected that China petroleum Coke will fluctuate at a high level in the short term.


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