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SunSirs: China Local Refining Petroleum Coke Market Rose and Fell (January 9-15)
January 18 2023 11:20:08SunSirs(Selena)

According to the bulk list data of SunSirs, the price of petroleum coke of local refiners rose first and then fell last week, and the overall price fell. The average price of Shandong market on January 15 was 2,989.00 RMB/ton, down 0.83% from the price of 3,014.00 RMB/ton on January 9.

The petroleum coke commodity index on January 15 was 232.48, which was the same as the previous day, down 43.12% from the cycle's highest point of 408.70 (2022-05-11), and up 247.56% from the lowest point of 66.89 on March 28, 2016. (Note: the cycle refers to September 30, 2012 to now)

Last week, the price of petroleum coke in refineries rose and fell, and the local refineries delivered well, and the transaction was positive, and the overall operation was stable.

Upstream: The international crude oil price rose, which was affected by the optimistic expectation of China's demand outlook and the unexpected drop in consumer prices in the United States in December, which slowed the tightening monetary policy of the Federal Reserve and supported the oil price.

Downstream: the price of calcined coke was basically stable last week; The market price of silicon metal continued to decline; The price of downstream electrolytic aluminum rose to 18,483.33 RMB/ton as of January 15; At present, downstream carbon enterprises mainly prepare goods before festivals and replenish stocks.

SunSirs petroleum coke analyst believes that the international crude oil rose last week and the cost of petroleum coke was supported; At present, the domestic petroleum coke storage is high, and the import coke storage is increasing. In terms of local refining, the downstream enterprises prepare goods before festivals, and the refinery shipments are active, and the transaction is good. Last week, the downstream procurement was basically completed, and it is expected that China petroleum coke will be mainly processed on a wait-and-see basis in the near future.

 

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