According to the data of SunSirs, the price of petroleum coke products of domestic refineries fell slightly. The average price of Shandong market on June 20 was 2,195.33 RMB/ ton, down 0.30% from the average price of 2,202.00 RMB/ ton on June 14. On June 20, the petroleum coke commodity index was 170.75, which was the same as that of the previous day, down 7.32% from 184.23 (2021-05-25), the highest point in the cycle, and up 155.27% from 66.89, the lowest point on March 28, 2016(Note: period refers to the period from September 30, 2012 to now)
The starting rate of coking in the last week declined. The overhaul of Luqing petrochemical and the removal of coking unit by Hengyuan Petrochemical Co., Ltd. have generally been shipped in the market. Some refineries are under pressure and the price has declined slightly.
Upstream: the international oil price fluctuates and rises, the stronger US dollar drags down the oil price, the surge of new cases in the UK rekindles the market demand worry, and the expectation of Iran's oil returning to the market has brought impact on the oil market. OPEC related personage said that the growth of us oil production in 2021 is expected to be limited, and the oil price will gain upward momentum within OPEC's more controllable expectation.
Downstream: with the support of electrolytic aluminum enterprises, the overall carbon product shipment is good; The price of calcined coke declined; This week, the price of electrolytic aluminum in the lower reaches fell, reaching 18,563.33 RMB/ ton as of June 20; The price of silicon metal market is rising, and the purchasing sentiment is general.
Industry: according to the price monitoring of SunSirs, in the list of commodity prices in the 24th week of 2021 (6.14-6.18), there were 10 kinds of commodities in the energy sector that rose month on month, and the top three commodities were steam coal (4.56%), MTBE (4.12%) and LNG (2.26%). There were three kinds of commodities that declined on a month on month basis, and the top three products were DME (-3.88%), diesel (-0.81%) and petroleum coke (-0.30%). The average rise and fall last week was 0.8%.
SunSirs petroleum coke analysts believe that: the early inspection and repair plants have started in succession, the supply of local petroleum coke has increased, but the demand side purchasing enthusiasm is limited, and it is expected that China petroleum coke may be weak and stable in the near future.
