1、 Price data

According to the data in the bulk list of business agency, the price of petroleum coke from local refiners continued to rise this week. On June 12, the average price in Shandong market was 4603.00 yuan / ton, up 3.18% from 4461.00 yuan / ton on June 6.

On June 12, the commodity index of petroleum coke was 358.01, unchanged from yesterday, down 12.40% from the highest point 408.70 in the cycle (2022-05-11), and up 435.22% from the lowest point 66.89 on March 28, 2016. (Note: the period refers to 2012-09-30 to now)

2、 Analysis of influencing factors

This week, the price of petroleum coke in the refinery continued to rise, the refinery shipped well, and downstream enterprises purchased actively.

Upstream: as the international crude oil price rises, the EU’s oil ban on sanctions against Russia has been delayed, and the expectation of tight supply remains unchanged. With the arrival of summer driving season in the United States, demand is expected to improve, and supply and demand fundamentals are still good for oil prices. At present, it is in the peak season of traditional consumption of crude oil, and it is also a season of high incidence of extreme weather such as hurricanes. Crude oil has a great tendency to hit a new high again, and the rise of international oil prices is unabated.

Downstream: the price of calcined coke fell this week; The market price of metallic silicon decreased slightly; The price of downstream electrolytic aluminum was lowered. As of June 12, the price was 20516.67 yuan / ton. At present, the supply of petroleum coke in the market has increased, but the inventory of refineries is low and downstream procurement is active.

According to the petroleum coke analyst of business agency, the petroleum coke price of local refining enterprises was corrected this week, the refinery shipped actively, the inventory was low, and the downstream procurement was active. It is expected that the price of refined petroleum coke may continue to rise in the near future.