1、 Price data

According to the bulk list data of business society, the price of petroleum coke of local refining manufacturers decreased slightly this week. The average price of Shandong market on April 29 was 5172.25 yuan / ton, down 0.72% from 5209.75 yuan / ton on April 24.

On April 29, the commodity index of petroleum coke was 402.29, the same as yesterday, down 0.80% from the highest point of 405.52 in the cycle (2022-04-17), and up 501.42% 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 price of petroleum coke in the refinery fell slightly, the refinery shipment was positive, and the downstream carbon enterprises purchased before the festival. However, at the end of the month, the downstream enterprises had great capital pressure, and the market wait-and-see mood was strong.

Upstream: under the background that international crude oil prices fluctuate and rise, and the geopolitical conflict between Russia and Ukraine continues to disturb the market, it will aggravate the expectation of tightening oil supply in the future. In addition, in terms of other supply factors, the organization of Petroleum Exporting Countries (OPEC) has continued the gradual and small increase in production policy, which will stabilize the tightening of crude oil supply, with little effect. The OPEC monthly meeting may be held on May 5. Considering the binding interests of OPEC and its Russian allies, the possibility of policy change is small. The market generally expects that there is a high possibility of a small increase in production in June. On the whole, the trend of crude oil prices rose in April.

Downstream: the price of calcined coke remained basically stable this week; The market price of metallic silicon has been lowered; The price of downstream electrolytic aluminum fluctuated. As of April 29, the price was 20826.67 yuan / ton. At present, the cost of downstream carbon enterprises is upside down, the capital is tight, the pressure of receiving goods is great, and most of them purchase on demand.

According to the petroleum coke analyst of business agency, the international crude oil price fluctuates at a high level, the price cost of local refining petroleum coke is supported, and the downstream carbon enterprises purchase before the festival. However, the petroleum coke price is high, the downstream enterprises have great capital pressure at the end of the month, the cost is upside down, and the wait-and-see mood is strong. It is expected that the price of petroleum coke may be mainly sorted out in the near future.