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SunSirs: The Price of Locally Refined Petroleum Coke Remained Stable Last Week

Increase font size  Decrease font size Date:2022-10-27   Views:167

  According to the bulk list data of SunSirs, the price of petroleum coke of the local refiners was stable last week. On October 23, the average price of Shandong market was 3,976.50 RMB/ ton, which was stable compared with the price of 3,976.50 RMB/ ton on October 17.



  On October 23, the petroleum coke commodity index was 309.28, unchanged from the previous day, 24.33% lower than the cycle's highest point of 408.70 (2022-05-11), and 362.37% higher than the lowest point of 66.89 on March 28, 2016. (Note: the cycle refers to the period from September 30, 2012 to now)



  Last week, the petroleum coke shipment of the refinery was average. Some refineries went out of stock and delivered at a reduced price. The production and sales were stable.



  Upstream: International crude oil prices fell in shock. Since the Organization of Petroleum Exporting Countries and its allies (OPEC+) agreed to reduce their production target by 2 million barrels per day during the National Day holiday, the expectation of tight crude oil supply has led to a rise in oil prices. However, the release of reserves in the United States followed. In addition, against the background of high global inflation, the market strengthened the expectation of the central bank to significantly increase interest rates. The expectation of economic recession risk weakened the demand for fuel. In the short term, it hedged the positive impact of the Organization of Petroleum Exporting Countries (OPEC+) and its allies (OPEC+) to significantly reduce production, and crude oil prices fell accordingly.



  Downstream: the price of calcined coke rose slightly last week; The market price of metal silicon is stable; The price of electrolytic aluminum in the downstream rose by shock. As of October 23, the price was 18,676.67 RMB/ ton; Downstream carbon enterprises have a large number of goods in stock before the festival, which is still dominated by de stocking.



  Last week, the international crude oil fluctuated downward, and the cost support of petroleum coke was limited; Downstream carbon enterprises prepare more goods before the festival, and mainly destocking; The local refining enterprise arranges the inventory and ships at a reduced price. The downstream enterprises are generally enthusiastic about receiving goods and have a strong wait-and-see mood. It is expected that the price of locally refined petroleum coke will decline slightly in the near future.


 
 
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