According to the Commodity Analysis System of SunSirs, the price of locally refined petroleum coke has been fluctuating recently. As of April 27th, the price of locally refined petroleum coke in the Shandong market was 1,535.00 RMB/ton, a decrease of 3.61% from April 22nd at 1,592.50 RMB/ton.
Cost side: Last week, international oil prices fluctuated and rose. On a macro level, the US PMI data was lower than expected, and the US dollar weakened, providing support for interest rate cuts. On the supply side, OPEC, the oil producing country, has maintained a scale of production reduction, and combined with data from the American Petroleum Institute, crude oil inventories have unexpectedly decreased. On the demand side, there are still seasonal peak season expectations for gasoline consumption in the United States. In the short term, oil prices will continue to operate at high levels, mainly due to unresolved supply side risks and difficulties in cooling geopolitical conflicts. Moreover, the arrival of the peak driving season in the United States will stimulate gasoline demand. Both supply and demand will provide strong support for oil prices.
Supply side: Recently, some coking units in refineries have been shut down for maintenance. In the early stages of maintenance, refineries have gradually resumed production and increased operating rates. Currently, the overall supply of petroleum coke in China is abundant; The sulfur content of petroleum coke in some refineries has changed, and the price of petroleum coke fluctuates with the increase of sulfur content; Recently, imported petroleum coke has been concentrated in the port, and traders have generally shipped goods. The overall inventory of petroleum coke in the port has increased.
On the demand side: As of April 25th, the number of silicon metal furnaces in China has increased by 12 to 301, compared to last week. Only a few furnaces in the southwest have resumed production, and early maintenance enterprises in Xinjiang have resumed production. At present, the resumption of production in China may not be as good as last year, and the overall supply situation is temporarily stable. At present, the demand for purchasing petroleum coke from metallic silicon is still acceptable, supporting the petroleum coke market.
In recent times, the overall market for medium sulfur calcined coke has remained stable. Currently, most enterprises are selling at a stable price, and market demand is expected to increase in the future. However, the demand for the negative electrode market is limited at present. As the end of the month approaches, enterprises are mainly holding a stable price and watching.
Last week, the overall aluminum price market declined, and Yunnan's resumption of production continued to advance. The trend of supply increase may continue, and there is a certain degree of early stocking before the holiday. Downstream procurement is cautious due to high aluminum prices. At present, downstream aluminum carbon enterprises mainly purchase petroleum coke on demand.
Currently, the overall supply of domestic petroleum coke market is sufficient. With the basic completion of pre holiday replenishment in the early stage, market transactions are limited. Currently, the price of locally refined petroleum coke mainly follows the adjustment of refinery sulfur content indicators. It is expected that the recent consolidation of the local refining petroleum coke market will be the main trend, with prices mostly following changes in refinery petroleum coke shipment indicators.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.