1、 Price data

According to the bulk list data of business society, the price of petroleum coke of domestic local refiners fluctuated downward this week. On August 22, the average price of Shandong market was 2568.50 yuan / ton, down 0.58% from the average price of petroleum coke market on August 16 was 2583.50 yuan / ton.

On August 22, the commodity index of petroleum coke was 199.77, unchanged from yesterday, down 1.06% from the highest point 201.91 in the cycle (2021-08-18), and up 198.65% from the lowest point 66.89 on March 28, 2016（ Note: period refers to 2012-09-30 to now)

2、 Analysis of influencing factors

This week, refineries started to resume production one after another, but some refineries were overhauled, the supply of petroleum coke increased, the demand was good, and the price of locally refined petroleum coke rose and fell.

Upstream: international crude oil fell sharply, mainly due to the Fed’s expectation of tightening monetary policy, which led to the continuous appreciation of the US dollar and lowered the valuation of oil prices. What is more important is the joint effect of the dual pressure of increasing production in oil producing countries and cooling demand under the influence of the epidemic.

Downstream: the price of upstream petroleum coke is high, and carbon enterprises continue to operate under pressure under the cost pressure of carbon enterprises; Calcined coke prices are rising steadily; Metal silicon market continues upward trend; The price of downstream electrolytic aluminum rose. As of August 22, the price was 20120.00 yuan / ton.

Industry: according to the price monitoring of business society, there are 5 kinds of commodities rising month on month in the energy sector in the list of commodity prices rising and falling in the 33rd week of 2021 (8.16-8.20), including 1 kind of commodity rising by more than 5%, accounting for 6.3% of the monitored commodities in this sector; The top three commodities were coking coal (5.41%), coke (4.23%) and liquefied natural gas (3.68%). A total of 10 commodities decreased month on month, and 2 commodities decreased by more than 5%, accounting for 12.5% of the monitored commodities in this sector; The products with the top three declines were WTI crude oil (- 7.22%), Brent crude oil (- 5.86%) and liquefied gas (- 3.18%). The average rise and fall this week was – 0.56%.

According to the petroleum coke analysts of business society, the local refineries have started to resume production recently, and the supply of local petroleum coke has increased, but the demand is good, the electrolytic aluminum market performs well, and the carbon enterprises are under pressure. It is expected that the petroleum coke may rise steadily in the near future.