1、 Price data
According to the bulk list data of business society, the mainstream average price of petroleum coke products of major domestic refiners was 4251.25 yuan / ton on the 28th and 4078.75 yuan / ton on the 14th, an increase of 4.23%.
| EDTA |
On February 27, the commodity index of petroleum coke was 327.74, unchanged from yesterday, hitting a record high in the cycle, up 389.97% 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
Product: the overall rise of refined petroleum coke in late February. Most of the early-stage contracts of refineries have been executed in the latter ten days, the price of petroleum coke is high, the downstream receiving is cautious, the local refining inventory has increased, and the price of petroleum coke fluctuates; Crude oil prices rose sharply at the end of the month, refinery inventories were low, downstream demand was good, transactions were positive, and prices rose.
Upstream: the rise of international crude oil in February was mainly due to the escalating geopolitical situation between Russia and Ukraine, which led to the continuous rise of oil prices. From the fundamentals of supply and demand, the oil market is also in a tight balance. In recent months, the increase in production of the organization of petroleum exporting countries and its allies (OPEC +) has not reached the target. Some countries have difficulties in increasing production, which has led to the tension of supply. In addition, in the post epidemic era, The continuous recovery of demand and the steady increase of fuel demand also provide preconditions for the rise of oil prices.
| Sodium Molybdate |
Downstream: the price of calcined coke rose as a whole in late February; Metal silicon market rose; The price of downstream electrolytic aluminum fluctuated and rose. As of February 27, the price was 22830.00 yuan / ton.
3、 Future forecast
The petroleum coke analyst of business agency predicts that: the international crude oil rises sharply, and the local petroleum coke price is supported by the cost. With the end of the Winter Olympic Games, carbon enterprises start work one after another, and the demand for petroleum coke is good, driving the rise of coke price. At present, the inventory of the refinery is low and the downstream demand is good. It is expected that the price of petroleum coke may continue to rise slightly in the near future.
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