SunSirs--China Commodity Data Group

Sign In

Join Now

Contact Us

Home > Petroleum coke News > News Detail
Petroleum coke News
SunSirs: Refined Petroleum Coke Prices Continue to Decline This Week (July 11-17)
July 19 2022 09:20:23SunSirs(John)

Price trend

According to the monitoring data of SunSirs, the price of petroleum coke from local refiners continued to decline this week. The average price of the Shandong market on July 17 was 4,277.50 RMB/ton, down 4.16% from the July 11 price of 4,463.25 RMB/ton.

On July 17, the petroleum coke commodity index was 332.70, the same as previous day, down 18.60% from the highest point of 408.70 points in the cycle (2022-05-11), and up 397.38% from the lowest point of 66.89 points on March 28, 2016. (Note: The cycle refers to 2012-09-30 to the present)

Analysis review

Refinery petroleum coke prices continued to fall this week, refinery shipments were under pressure, inventories were high, transactions were light, and downstream purchases were based on demand.

Upstream: The international crude oil prices fell, and the market was mainly affected by the strengthening of the US dollar. The Fed's interest rate hike is expected to increase the risk of economic recession; coupled with the repeated epidemics in Asia, the possible blockade measures suppressed demand.

Downstream: The price of calcined coke fell slightly this week; the market price of metal silicon went up; the price of downstream electrolytic aluminum continued to decrease, as of July 17, the price was 17,436.67 RMB/ton.

Market outlook

The petroleum coke analyst of SunSirs believes that: the international crude oil fell this week, and the cost of petroleum coke was limited; the inventory of local refining enterprises was high, and the shipment of petroleum coke was under pressure, and downstream carbon enterprises mainly purchased on demand. It is expected that the price of 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

Exchange Rate:

8 Industries
Energy
Chemical
Rubber & Plastics
Textile
Non-ferrous Metals
Steel
Building Materials
Agricultural & Sideline Products