1、 Price data
According to the bulk list data of business society, the price of petroleum coke of local refiners rose sharply this week. The average price of Shandong market on September 26 was 3371.00 yuan / ton, up 4.78% from 3217.25 yuan / ton on September 20.
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On September 26, the commodity index of petroleum coke was 262.19, unchanged from yesterday, hitting a record high in the cycle, up 291.97% from the lowest point of 66.89 on March 28, 2016. (Note: the period refers to the period from September 30, 2012 to now)
2、 Analysis of influencing factors
This week, the refinery shipped well, the supply of petroleum coke decreased, the refinery inventory was low, the downstream demand was good, the trading was positive, and the price of locally refined petroleum coke continued to rise.
Upstream: the international oil price continues to rise. The recent rise in oil price is mainly due to the slow recovery of oil and gas production in the US Gulf region. Combined with the increase of capacity utilization of refineries on the east coast of the United States to 93%, the highest since May. The continuous decline of US crude oil inventory has formed a strong support for oil price.
Downstream: the price of petroleum coke in the upstream continues to rise, and the price of calcined coke rises; Metal silicon market rose sharply; The price of downstream electrolytic aluminum rose. As of September 26, the price was 22930.00 yuan / ton.
Industry: according to the price monitoring of the business society, in the list of commodity prices rising and falling in the 38th week of 2021 (9.20-9.24), there are 10 kinds of commodities rising month on month in the energy sector, including 3 kinds of commodities rising by more than 5%, accounting for 18.8% of the monitored commodities in the sector; The top three commodities were methanol (10.32%), dimethyl ether (8.84%) and thermal coal (8.35%). There were five commodities with month on month decline, and the top three products were MTBE (- 3.31%), gasoline (- 2.73%) and diesel (- 1.43%). Both rose or fell by 2.19% this week.
The petroleum coke analyst of business society believes that: at present, the petroleum coke inventory of the refinery is low, the resources of medium and low sulfur coke are tight, the downstream demand is good, the refinery actively ships, the downstream electrolytic aluminum price rises, and the calcined coke price rises. It is expected that the price of petroleum coke may be high in the near future.
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