1、 Price data

According to the bulk list data of SunSirs, the price of petroleum coke of manufacturers continued to decline last week. On June 26, the average price of Shandong market was 4595.75 yuan / ton, down 5.65% from 4871.00 yuan / ton on June 20.

2、 Analysis of influencing factors

Last week, the price of petroleum coke continued to fall, refineries cut prices and shipped goods, and downstream enterprises mainly purchased on demand, with general enthusiasm for procurement.

Upstream: the international crude oil price fell, the market returned to fundamentals, and the crude oil supply price was tightly supported. However, affected by the expectation of interest rate hikes by many central banks across the country, the market was worried about the economic recession, and the oil price was still fluctuating in the range. The inflation level in the United States exceeded expectations in May, and the CPI soared to 8.6% year-on-year. The Federal Reserve also set a record for raising interest rates by 75 basis points. The fear of further increasing the risk of global economic recession, coupled with the uncertainty of the epidemic, has led to major changes in market expectations. The dollar soared again, risky assets were sold off again, and the stock market, bulk commodities and other fields fell on a large scale. Crude oil was the first to bear the brunt. It was already at a relatively high level in history. When the tight supply situation did not change, panic gave oil prices a heavy blow.

Downstream: the price of calcined coke was basically stable last week; The market price of metallic silicon continues to rise; The price of downstream electrolytic aluminum continued to decline, and as of June 26, the price was 19370.00 yuan / ton.

Analysts of petroleum coke of SunSirs believe that the international crude oil fell last week, and the cost support of petroleum coke is limited; Petroleum coke of local refining enterprises is generally shipped, and the downstream is mainly purchased on demand. The refinery discharges inventory and ships at a reduced price. It is expected that the price of locally refined petroleum coke may decline slightly in the near future.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.