This week domestic refinery oil coke market shipment is good, the overall coke price continues to rise, but the increase was significantly narrower than last week.
Eastern time on Thursday (January 13), at the US Senate’s hearing on the nomination of the Fed’s vice chairman, Fed Governor Brainard said that efforts to reduce inflation are the Fed’s “most important task” and will use powerful tools. to curb inflation and signal a rate hike as early as March. The latest U.S. federal funds futures show a 90.5 percent chance of a rate hike by the Fed in March. As of now, there are only 9 members of the Fed’s known votes at the January interest rate meeting, of which 4 have hinted or made it clear that the Fed can raise interest rates in March, and the remaining 5 are 3 Fed Board members Powell and George. , Bowman and New York Fed President Williams and Boston Fed President who is temporarily vacant.
On Jan. 1, Indonesia announced a month-long ban on international coal sales aimed at securing domestic power plant supplies, with a number of countries including India, China, Japan, South Korea and the Philippines quickly calling for the ban to be lifted. At present, the coal inventory of domestic power plants in Indonesia has improved, from 15 days to 25 days. Indonesia has now released 14 vessels carrying it and plans to open up exports in stages.
This week, the operating rate of domestic delayed coking units was 68.75%, up from last week.
This week, the domestic refinery petroleum coke market shipped well, and the overall coke price continued to rise, but the increase was significantly narrowed compared with last week. The overall coke price of the main refineries continued to rise. Sinopec’s refineries delivered good shipments, and the market price of petroleum coke increased. The shipments of CNPC’s refineries were stable, and the market price of petroleum coke in some refineries increased. In terms of orders, except for Taizhou Petrochemical, the market price of petroleum coke in other refineries remained stable; local refineries shipped well, and coke prices rose and fell, and the overall petroleum coke market price continued to rise.
Petroleum coke market this week
Sinopec:This week, Sinopec’s refineries delivered good shipments, and the market price of petroleum coke rose in a concentrated manner.
PetroChina:This week, CNPC’s refineries delivered stable shipments and low inventories, and the market price of petroleum coke in some refineries continued to rise.
CNOOC:This week, CNOOC’s refineries delivered stable shipments. Except for Taizhou Petrochemical’s coke prices, which continued to rise, other refineries executed pre-orders.
Shandong Refinery:This week, Shandong’s local refineries have delivered good shipments, and the downstream demand side has not diminished the enthusiasm for purchasing. Some refineries have adjusted their high coke prices, but the overall petroleum coke market prices continued to push up, and the increase was narrowed compared to before.
Northeast and North China Refinery:This week, refineries in Northeast China and North China delivered relatively good overall shipments, and the market price of petroleum coke continued to rise.
East and Central China:This week, Xinhai Petrochemical in East China delivered good overall shipments, and the market price of petroleum coke rose; in Central China, Jinao Technology delivered good shipments, and the market price of petroleum coke rose slightly.
Terminal Inventory
The total port inventory this week was about 1.27 million tons, a decrease from last week.
Imported petroleum coke to Hong Kong decreased this week, and the overall inventory dropped significantly. Continuing from last week’s continuous rise in the price of imported fuel grades and the price correction of domestic coal due to the influence of Indonesia’s coal export policy, the port fuel grade petcoke shipments are supported, and the port fuel grade petcoke spot price goes up with it; this week, domestic refinery petcoke The market price continues to rise, coupled with the reduction of imported carbon-grade petroleum coke to the port, which is good for the imported coke market, boosting the price of carbon petroleum coke in the port, and the shipment speed is relatively fast.
What to watch in the downstream processing market of petroleum coke this week
This week’s processing market
■Low sulfur calcined coke:
Market prices for low-sulfur calcined coke rose this week.
■Medium sulfur calcined coke:
The market price of calcined coke in Shandong region rose this week.
■Prebaked anode:
This week, the benchmark price of anode procurement in Shandong remained stable.
■Graphite electrode:
The market price of ultra-high-power graphite electrodes remained stable this week.
■Carbonizer:
The market price of recarburizers remained stable this week.
■Metallic silicon:
The market price of silicon metal continued to decrease slightly this week.
Post time: Jan-14-2022