1、 Price data
According to the data of the business club’s bulk list, the price of domestic refiners’ petroleum coke products rose. At the beginning of the week, the average price of petroleum coke in Shandong market was 1495.75 yuan / ton, and the average price of petroleum coke at weekend was 1500.75 yuan / ton, with a price increase of 0.33% and a year-on-year increase of 29.85%. The commodity index of petroleum coke on October 29 was 116.73, up 0.39 points compared with yesterday, 24.98% lower than 155.59 points (2018-01-25), and 74.51% higher than 66.89 points on March 28, 2016. (Note: period refers to 2012-09-30 to now)
2、 Analysis of influencing factors
The main reason for the rise in the price of petroleum coke is the shortage of supply and maintenance by manufacturers. The supply of low sulfur coke is less, and the market transaction is better. The supply of medium and high sulfur coke is insufficient, the downstream demand is acceptable, and there are many maintenance manufacturers, and the price of medium and high sulfur coke is rising.
Upstream: the US WTI crude oil futures market price fell, and the settlement price of the main contract fell by US $1.22 to US $36.17/barrel. Brent crude oil futures market price fell, the main contract settlement price to 38.26 U.S. dollars / barrel, down 1.38 dollars. Oil prices continued to plunge to a five month low on Thursday, mainly due to concerns that the containment measures could trigger a deep blow to fuel demand.
Downstream: due to the rise of carbon raw materials, enterprises are facing greater pressure, and enterprises are suffering from serious losses, and their prices are mainly weak in the near future. Electrolytic aluminum market comprehensive aspects or a small decline in space. Glass Market: with the change of weather in northern China, the pace of rush work is still accelerating, which also increases the market demand for glass spot. At the same time, the production enterprises also increased their own inventory clearance efforts, striving to reduce the inventory to the minimum before the off-season. In terms of spot price, it is basically to stabilize the market transaction price, and manufacturers in some regions are slightly flexible. But generally speaking, the price adjustment is not large in the short term.
Industry: according to the price monitoring of business agency, there are 8 kinds of commodities in the energy sector’s rise and fall list of commodity prices in the 42nd week of 2020 (10.19-10.23), including 1 commodity with an increase of more than 5%, accounting for 6.3% of the total number of commodities monitored in the plate; the top three commodities of increase are liquefied natural gas (7.80%), petroleum coke (4.39%) and asphalt (2.76%). There were 7 kinds of commodities that declined on a month on month basis, and the top three products were steam coal (- 1.77%), WTI crude oil (- 1.17%) and Brent crude oil (- 1.09%). This week, the average rise and fall was 0.92%.
The oil coke analysts of the business agency believe that: at present, the trend of stable and upward trend of petroleum coke is mainly due to the tight supply of goods, and the downstream demand is still good. It is expected that the trend of Petroleum Coke will be mainly in the short term or continue to be good, which depends on the demand of downstream market.