The IMF released the report on the currency composition of official foreign exchange reserves. The RMB continued to hit a new high in the global foreign exchange reserves since the IMF report in the fourth quarter of 2016, accounting for 2.45% of global foreign exchange reserves. China’s Caixin manufacturing PMI maintained an expansion range of 51.3 in June, showing a steady expansion overall. Market supply and demand remained stable, the employment market continued to improve, and the economic recovery momentum in the post-epidemic era was still in place.
Last week, the domestic delay coking unit operating rate is 65.24%, a 0.6% increase over the previous cycle.
Last week, petroleum coke market prices are still mixed, high sulfur coke market trading continues to decline as a whole, sulfur petroleum coke market trading is OK, individual refineries slightly increased, the mainstream price is stable, low sulfur coke price rise. Some high sulfur coke prices of Sinopec continue to decrease slightly, some low sulfur coke prices of PetroChina increase slightly, some oil coke prices of CNOOC increase, local refineries oil coke shipments are good, the coke price is generally in the upward stage.
Sinopec:
This week Sinopec refinery petroleum coke prices basically keep stable, individual high sulfur coke continued to fall slightly.
In the oil:
This week low sulfur petroleum coke market in the steady upward, the overall stable plate. Northwest region refinery inventory remains low, shipment atmosphere is good, downstream customer procurement is active, coke price increase.
Cnooc:
Last week, petroleum coke prices to maintain a steady rise, refinery shipments are good. South China and East China refinery shipments, Zhoushan to take last week temporarily not pricing; Cnooc Binzhou, due to good shipments last month, inventory and production pre-sales, last week began to increase the price.
Shandong Refinery:
Shandong refinery petroleum coke due to inventory reduction last month, last week to maintain the overall upward trend, specifically, low sulfur petroleum coke rose significantly, sulfur coke slightly upward, but high sulfur petroleum coke by the impact of supply prices continue to steady downward.
Northeast and North China Regions:
Northeast refining market shipments this week, the overall market broadly stable. In North China this week, sulfur petroleum coke shipments have improved, good demand, slightly increased prices, low sulfur petroleum coke market smooth operation, price stability.
East and Central China:
East China Xinhai Petrochemical coke shipments can be low refinery inventory. Central China Jinao Science and Technology petroleum coke shipments stable, refinery inventories remain low, coke prices keep stable operation
Total port stocks were about 1.89 million tons last week, down from the previous month.
Recently, the port oil coke shipment is stable, the port oil coke storage is basically completed, the total inventory of the port is still high. The shipment of petroleum coke at the ports along the Yangtze River is good. Most of the ports are fuel grade petroleum coke, and the demand side purchases on demand, and the enthusiasm of purchasing is stable. South China port oil coke normal shipment, inventory no obvious adjustment. Recently, port fuel grade petroleum coke is still in high inventory, and most of them are medium and high sulfur pellet coke. Due to the high operation of external price and sea freight, the purchasing pressure of the demand side is large, and the transaction volume of the external market is small. Carbon grade petroleum coke shipments are acceptable, overall stability, prices are not expected to appear significant changes in the short term.
Low sulfur calcined petroleum coke:
This week, the market price of low sulfur calcined petroleum coke continues to downward trend, because the inventory pressure has been further eased, the production enthusiasm of calcined petroleum coke enterprises gradually recovered.
■ Medium sulfur calcined petroleum coke:
This week in Shandong region of high sulfur calcined petroleum coke prices basically stable.
■ Pre-baked anode:
Shandong region anode procurement benchmark price increased slightly this week.
■ Graphite electrode:
This week, the graphite electrode market prices to maintain stable operation.
■ Carburizer:
This week recarburizer market prices keep stable.
■ Metal silicon:
This week silicon metal overall market prices continue to rise as a whole.
Post time: Jul-08-2021