1、 Price data

According to the bulk list data of business society, the price of petroleum coke of local refiners rose slightly this week. On October 24, the average price of Shandong market was 3268.00 yuan / ton, up 2.09% from 3201.00 yuan / ton on October 18.

On October 24, the commodity index of petroleum coke was 254.18, unchanged from yesterday, down 3.06% from the highest point 262.19 in the cycle (2021-09-29), and up 280.00% from the lowest point 66.89 on March 28, 2016. (Note: the period refers to the period from September 30, 2012 to now)

2、 Analysis of influencing factors

The refinery shipped well this week, the refinery actively shipped to inventory, the refinery inventory was low, and the local refined petroleum coke price rose slightly.

Upstream: since October, international crude oil prices have risen, the economies of major economies around the world have continued to recover, and fuel demand has rebounded, but U.S. inventories have continued to decline, and oil and gas recovery in the Gulf of Mexico has been slow. In addition to the supply restriction policy of the organization of Petroleum Exporting Countries and its allies (OPEC +), the supply-demand gap is expected to give strong support to oil prices, and the impact of natural gas shortage in Europe, oil prices will still rise due to demand in the medium and short term.

Downstream: the price of calcined coke remained basically stable this week; Metal silicon market has declined; The price of downstream electrolytic aluminum fell. As of October 24, the price was 21913.33 yuan / ton.

Industry: according to the price monitoring of the business society, in the list of commodity prices rising and falling in the 42nd week of 2021 (10.18-10.22), there are 11 commodities rising month on month in the energy sector, including 4 commodities rising by more than 5%, accounting for 25% of the monitored commodities in the sector; The top three commodities were MTBE (10.50%), liquefied gas (9.48%) and naphtha (8.59%). There are 4 kinds of commodities with a month on month decrease, and 1 kind of commodity with a decrease of more than 5%, accounting for 6.3% of the monitored commodities in this sector; The products with the top three declines were methanol (- 10.53%), liquefied natural gas (- 1.47%) and power coal (- 0.42%). The average rise and fall this week was 2.41%.

Petroleum coke analysts of business society believe that the price of petroleum coke in refineries has fallen recently. Refineries actively ship to inventory, with good trading and low inventory. The price of downstream electrolytic aluminum fell, and the price of calcined coke remained basically stable. It is expected that the price of petroleum coke may decline slightly in the near future.