According to the Commodity Analysis System of SunSirs, as of September 25th, the price of refined petroleum coke in the Shandong market was 1,762.50 RMB/ton, a decrease of 8.87% compared to September 18th, 1,934.00 RMB/ton.

The international crude oil market has been fluctuating recently. The Federal Reserve has decided to maintain interest rates unchanged as expected by the market, but its attitude has been hawkish, with the possibility of interest rate hikes expected to continue within the year. Energy demand expectations are being suppressed, and oil prices are under pressure.

During this cycle, imported petroleum coke from domestic ports continued to arrive at the port, and import traders were active in shipping, with fast shipping speed. The inventory of petroleum coke at the port decreased slightly, and the overall inventory remained high. The overall shipment of ground refining petroleum coke is under pressure, and the maintenance of coking equipment is gradually ending. The market supply is sufficient, and inventory is high; In addition, the current local refining petroleum coke index fluctuates significantly, and the coke price constantly changes with the index. Downstream enterprises have a moderate enthusiasm for hoarding, and the price of petroleum coke continues to decline.

As of September 21, there were 392 silicon metal furnaces operating in China, with an overall furnace opening rate of 53.77%, an increase of 7 furnaces compared to the previous month. Recently, the metal silicon market has risen, with a price of 15,820 RMB/ton on September 25th, an increase of 1.54% compared to the price of 15,580 RMB/ton on September 18th. The operating rate of metal silicon continues to rise, and the demand for petroleum coke procurement continues to increase.

Recently, the overall market situation of medium to high calcined coke has declined. The continuous impact of domestic demand expansion policies, coupled with the traditional peak season, has led to an increasing supply of electrolytic aluminum in the market, which is beneficial for the demand for carbon for aluminum and petroleum coke.

At present, the maintenance of the petroleum coke coking unit in Shandong has been basically completed, and the market supply has increased. The market supply is sufficient, and downstream wait-and-see sentiment has increased, with on-demand procurement being the main focus. Currently approaching the National Day holiday, coupled with the continuous decline in local refining petroleum coke prices, some enterprises have increased their purchasing enthusiasm. It is expected that local refining petroleum coke will be mainly sorted out in the near future.

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