1、 Price data

According to the bulk list data of business society, the price of petroleum coke of local refiners rebounded after falling this week. On April 24, the average price of Shandong market was 5198.75 yuan / ton, down 0.05% from 5201.25 yuan / ton on April 18.

On April 24, the commodity index of petroleum coke was 404.35, up 0.58 points from yesterday, down 0.29% from the highest point 405.52 in the cycle (2022-04-17), and up 504.50% 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 price of petroleum coke in refineries rebounded after falling this week, and the trading improved in the second half of the week. Refinery shipments were positive, downstream carbon enterprises purchased before the festival, and the local coking price was partially corrected.

Upstream: the international crude oil price fluctuates, the market is intertwined, the global economic recovery slows down, the Fed’s interest rate hike is expected to heat up, and the domestic epidemic depresses demand, and the oil price is under pressure. On the other hand, the EU is considering imposing an oil ban on Russia, tightening supply expectations, limiting the decline in oil prices, and the recent crude oil price range has fluctuated.

Downstream: the price of calcined coke rose this week; The market price of metallic silicon has been lowered; The price of downstream electrolytic aluminum fluctuated. As of April 24, the price was 21810.00 yuan / ton.

Petroleum coke analysts of business agency believe that: the high price of international crude oil fluctuates, and the price cost of petroleum coke is supported by local refining; Refinery shipments were positive, downstream carbon enterprises purchased before the festival, and the local coking price was partially corrected. It is expected that the price of petroleum coke may rise slightly in the near future.