1、 Price data

According to the bulk list data of business society, the price of petroleum coke of local refiners rose and fell this week, and the price remained stable as a whole. On December 12, the average price in Shandong market was 2408.25 yuan / ton, which was stable compared with that on December 6.

On December 13, the commodity index of petroleum coke was 193.76, up 6.45 points from yesterday, down 26.10% from the highest point 262.19 in the cycle (2021-09-29), and up 189.67% 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 operating rate of refineries rose this week, with positive shipment and general trading. The inventory of some refineries was high, the enthusiasm of downstream procurement was general, and the goods were prepared carefully.

Upstream: international crude oil prices rebounded this week. At the beginning of this week, South Africa reported that the symptoms of local Omicron infection cases were mild. After that, the market was worried about undermining oil demand, and oil prices ushered in a retaliatory rebound. In addition, the Iranian nuclear negotiations are at an impasse, the possibility of Iranian oil returning to the market is reduced, and crude oil is also supported to a certain extent. Second, the US Energy Information Administration (EIA) reported on Wednesday that US crude oil inventories fell slightly last week, which benefited the oil market. OPEC +, an oil producing country, also acts as a ballast. OPEC + decided to continue to release 400000 barrels / day of production capacity as planned at the ministerial meeting on December 2, reflecting the confidence of the alliance led by Saudi Arabia and Russia in the future demand prospects. In addition, the organization of Petroleum Exporting Countries and its allies (OPEC +) control production, it is unlikely that Iranian oil will return to the international market in the near future, the oil market remains in a tight balance, and the oil price is supported.

Downstream: Calcined coke shipment is under pressure this week, and the price remains stable as a whole; The metal silicon market is basically stable; The price of downstream electrolytic aluminum fluctuated. As of December 12, the price was 18780.00 yuan / ton.

Industry: according to the price monitoring of the business society, in the list of commodity prices rising and falling in the 49th week of 2021 (12.6-12.10), there are 2 kinds of commodities rising month on month in the energy sector, including 2 kinds of commodities rising by more than 5%, accounting for 12.5% of the monitored commodities in the sector; The top 2 commodities were WTI crude oil (7.06%) and Brent crude oil (6.50%). There are 9 kinds of commodities with a month on month decrease, and 2 kinds of commodities with a decrease of more than 5%, accounting for 12.5% of the monitored commodities in this sector; The products with the top three declines were liquefied natural gas (- 15.97%), dimethyl ether (- 6.32%) and methanol (- 4.39%). The average rise and fall this week was – 1.35%.

Petroleum coke analysts of business society believe that: Recently, the local refining manufacturers have issued goods stably, and the prices rise and fall with each other. At present, the downstream has purchased successively, and the inventory in the local refining market has decreased. Affected by the recent heating season and the Winter Olympic Games, the downstream carbon enterprises are still facing the problems of production reduction and production restriction, and the downstream demand is general. It is expected that the price of Petroleum Coke will be sorted out in the near future.