1、 Price data

According to the bulk list data of business society, the price of petroleum coke of local refiners continued to rise this week. On September 19, the average price of Shandong market was 3217.25 yuan / ton, which was 3.62% higher than that of 3104.75 yuan / ton on September 13.

On September 19, the commodity index of petroleum coke was 250.23, unchanged from yesterday, hitting a record high in the cycle, up 274.09% 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 refinery shipped well, the supply of petroleum coke decreased, the refinery inventory was low, the downstream demand was good, the trading was positive, and the price of locally refined petroleum coke continued to rise.

Upstream: the international oil price has risen sharply. The recent rise in oil price is mainly due to the decline in supply in the United States. Good supply has strengthened the willingness of upward oil prices in the short term. The inventory data released by the U.S. Energy Information Administration (EIA) was significantly positive. Last week, the decline of U.S. crude oil inventory was much greater than the market expectation, and the market expected that demand would continue to pick up with the acceleration of vaccination process.

Downstream: the price of petroleum coke in the upstream continues to rise, and the price of calcined coke rises; Metal silicon market rose sharply; The price of downstream electrolytic aluminum fell. As of September 19, the price was 22756.67 yuan / ton.

Industry: according to the price monitoring of the business society, in the list of commodity prices rising and falling in the 37th week of 2021 (9.13-9.17), there are 15 kinds of commodities rising month on month in the energy sector, including 4 kinds of commodities rising by more than 5%, accounting for 25% of the monitored commodities in the sector; The top three commodities were thermal coal (15.37%), liquefied natural gas (8.74%) and methanol (5.55%). A total of one commodity decreased month on month, and MTBE (- 0.16%) decreased. The average rise and fall this week was 3.97%.

The petroleum coke analyst of business society believes that the inventory of local refineries is low recently, some refineries are mainly for their own use, and the downstream demand is good. It is expected that petroleum coke may rise in the near future.