SunSirs: China Domestic Petroleum Coke Fell in June

According to the data of SunSirs, the mainstream average price of petroleum coke products of major domestic refineries in June was 2,238.67 RMB/ ton at the beginning of the month and 2,152.00 RMB/ ton at the end of the month, with a monthly drop of 86.67 RMB/ ton or 3.87%.

On June 30, the petroleum coke commodity index was 167.38, unchanged from the previous day, down 9.15% from 184.23 (2021-05-25), the highest point in the cycle, and up 150.23% from 66.89, the lowest point on March 28, 2016（Note: period refers to the period from September 30, 2012 to now）

Product: in June, local refined petroleum coke fell in shock. Recently, the supply of local petroleum coke is increasing, refineries are actively shipping and exporting, and the demand side is generally enthusiastic about purchasing.

Upstream: the price of international crude oil is rising, the economy of many regions in the world is gradually recovering, the vaccination in the United States is growing rapidly, the demand for crude oil in the United States is in the peak season, and the expectation of recovery of demand in Europe and the United States is boosting the crude oil market. In addition, OPEC+ alliance continues to adhere to the measure of gradually restoring supply from June to July, Offsetting the risk that a consensus reached in the US Iran nuclear agreement negotiations may lead to an increase in supply supports oil prices.

Downstream: the price of electrolytic aluminum in the downstream fluctuated at a high level. According to the data of SunSirs, as of June 30, the average price of domestic aluminum ingot Market was 18,830.00 RMB/ ton; Supported by electrolytic aluminum enterprises, carbon products are shipped well as a whole; Calcined coke prices have declined.

Industry: according to the price monitoring of SunSirs, in the list of commodity prices in the 25th week of 2021 (6.21-6.25), there were 13 kinds of commodities in the energy sector that rose month on month, including 1 kind of commodity that rose more than 5%, accounting for 6.3% of the number of commodities monitored in the sector; The top three commodities were coking coal (6.35%), thermal coal (3.47%) and coke (2.77%). There were three kinds of commodities that declined on a month on month basis, and the top three products were DME (-2.68%), petroleum coke (-2.41%) and MTBE (-0.84%). The average rise and fall this week was 1.12%.

In June, the market price of local petroleum coke fell as a whole, the early inspection and repair refineries started one after another, the supply of local petroleum coke was increasing, the refineries were actively shipping and exporting, the demand side purchasing enthusiasm was general, the refinery shipment is greatly affected by the founding day of the Communist Party of China. It is expected that petroleum coke will recover after the festival. It is comprehensively expected that petroleum coke may be stable and upward in July in China.

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