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 February 20 was 4066.25 yuan / ton, down 0.31% from 4078.75 yuan / ton on February 14.

On February 20, the commodity index of petroleum coke was 316.26, unchanged from yesterday, down 0.31% from the highest point of 317.24 in the cycle (2022-02-17), and up 372.81% 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

The refinery shipped well this week and the price fluctuated at a high level. At present, the early-stage contracts of most refineries have been implemented, the price of petroleum coke is high, the downstream receiving is cautious, and the local refining inventory has increased at present.

Upstream: crude oil prices remained high this week, mainly driven by the risk expectation of supply interruption. Under the background that OPEC + and its allies failed to increase production as expected, the tension between Russia and Ukraine heated up the expectation of crude oil supply interruption. In addition, in the post epidemic era, the global economy continues to recover, and the growth expectation of fuel demand also supports oil prices.

Downstream: the price of calcined coke rose this week; The market price of metallic silicon rose slightly; The price of downstream electrolytic aluminum rose. As of February 20, the price was 22726.67 yuan / ton.

The petroleum coke analyst of business society believes that at present, most of the early-stage contracts of refineries have been implemented, the petroleum coke price is high, and the downstream receiving is cautious. With the end of the Winter Olympic Games, carbon enterprises may start construction one after another, and the downstream demand will increase. It is expected that the petroleum coke price may be mainly high in the near future.