Price data
Petroleum coke prices rose slightly this week (9.16-9.20). According to the data from the business associations’list, the average price of petroleum coke products in domestic refineries was 1 238.20 yuan per ton at the beginning of the week, 1 242.20 yuan per ton at the end of the week, up 4 yuan per ton in the week and down 0.32 percent in the week.
The Petroleum Coke Commodity Index on September 20 was 96.62, unchanged from yesterday, down 37.90% from the cyclical peak of 155.59 points (2018-01-25), and up 44.45% from the lowest point of 66.89 on March 28, 2016. (Note: Period refers to 2012-09-30 to date)
| PVA 0599 (PVA BF05) |
II. Analysis of Influencing Factors
Products: Petroleum coke shipments are stable this week, prices remain stable as a whole, and some enterprises fluctuate slightly.
Industry Chain: Upstream: According to the monitoring of business associations, WTI crude oil in the United States was $54.85 per barrel at the beginning of the week and $58.13 per barrel at the end of the week, with a weekly increase and decrease of 5.98%; Brent crude oil was $60.22 per barrel at the beginning of the week and $64.40 per barrel at the end of the week, with a weekly increase and decrease of 6.94%. Saudi Arabia’s oil equipment was attacked early this week and the market rose in panic. Since the attack, the situation has stabilized. Saudi Arabia has not reduced its oil exports, and American inventories have increased. International oil prices have soared and fallen. Downstream: The trading of calcined coke is stable this week, the demand of downstream carburant market is still optimistic, and the supply and demand of electrolytic aluminium market is relatively stable. According to business association data, the average market price of aluminium (99.70) as of September 20 was 14296.67 yuan per ton.
| PVA |
Industry: According to the price monitoring of business associations, there are 11 kinds of commodities rising annually in the energy sector in the 37 th week of 2019 (9.16-9.20). Among them, there are 3 kinds of commodities rising more than 5%, accounting for 18.8% of the monitored commodities in the sector. The first three commodities rising are liquefied gas (7.87%), Brent crude oil (6.94%) and WTI crude oil (5.98%). ) There is a total of 1 kind of commodities falling in the ring ratio, and diesel oil (-0.77%) is the product of the decline. This week’s average rise and fall was 1.98%.
3. Future Market Forecast
Petroleum coke analysts of business associations predict that the market price of petroleum coke has risen slightly this week. At present, refinery stocks are low. Carbon enterprises basically take delivery according to plan. The market demand of calcined coke and electrolytic aluminium is stable. With the National Day holiday approaching, refineries have been actively clearing their warehouses in the near future. It is expected that the price of Petroleum Coke will be stable in the near future. Some enterprises will fluctuate slightly. The price range is about 1200-1300 yuan/ton.
| POLYVINYL ALCOHOL |