1、 Price data

According to the commodity analysis system of the business community, the price of petroleum coke of the local refiner rose first and then fell this week. On April 22, the average price of Shandong market was 1894.00 yuan/ton, 2.71% higher than the price of 1844.00 yuan/ton on April 17.

On April 22, the commodity index of petroleum coke was 147.31, unchanged from yesterday, down 63.96% from the cycle’s highest point of 408.70 (2022-05-11), and up 120.23% from the lowest point of 66.89 on March 28, 2016. (Note: The cycle refers to the period from September 30th, 2012 to the present)

2、 Analysis of influencing factors

This week, the price of refinery petroleum coke rose and fell with each other. The overall price rose. The inventory of local refining enterprises was low. Downstream enterprises and traders concentrated on stocking up. The local refining petroleum coke market traded well. However, at present, the port petroleum coke inventory is at a long-term high level, which cannot be changed in the short term, and the port petroleum coke turnover is limited.

This week, the international crude oil market fluctuated and fell. Recently, the market was worried about the performance of the Federal Reserve’s interest rate hike. The strengthening of the US dollar suppressed oil prices. In addition, the increase in the US crude oil inventory depressed the market, and the crude oil market price trend fell back.

The price of calcined coke has increased this week; The metal silicon market has slightly declined; The trend of inventory depletion in downstream electrolytic aluminum society is evident, and downstream demand is beginning to expand. Aluminum prices are operating at a stronger level, and in the short term, aluminum prices will continue to improve. Aluminum carbon enterprises are still able to purchase.

Petroleum coke analysts from the business community believe that the recent low stock of locally refined petroleum coke, the concentration of downstream enterprises and traders to stock up, and the local refining petroleum coke market trading well. Affected by the continuous rise in the price of petroleum coke produced by local refineries over the weekend, it exceeded the expectations of downstream enterprises, and the procurement was cautious and the wait-and-see mood was strong. In addition, the long-term high level of petroleum coke inventory at the port still cannot be changed in the short term, and petroleum coke turnover at the port is limited. It is expected that the market situation of locally refined petroleum coke will be dominated in the near future.