Market situation analysis

 

E-al
Electrolytic aluminumelectrolytic

AluminiumThis week, the overall price of electrolytic aluminum market fell sharply, with the adjustment range ranging from 830-1010 yuan/ton. Concerns about the global economic downturn caused by the radical interest rate increase by central banks in Europe and America still dominate the financial market. The uncertain overseas situation and high energy prices make the global aluminum industry chain uncertain. At present, although the low inventory and cost side have some support for aluminum prices, the macro atmosphere is weak, and the pattern of strong supply and weakening demand still needs to be repaired, and aluminum prices have fallen sharply. It is expected that the aluminum price will fluctuate weakly between 17,950-18,750 yuan/ton next week.

P-ba
Prebaked anode

The anode market traded well this week, and the anode price kept stable during the month. As a whole, the price of raw petroleum coke went up, and the new price of coal tar pitch was supported by the cost side, which supported better in the short term; The anode enterprises often carry out long orders, the enterprises start work stably, and the market supply has no obvious fluctuation for the time being. The spot aluminum price of downstream electrolytic aluminum has plunged sharply due to the pessimism of the international market. The market transaction atmosphere is general, and the social aluminum ingots continue to go to the warehouse. In the short term, the profit margin of aluminum enterprises is acceptable, the operating rate of enterprises remains high, and the demand side support is relatively stable. Supply and demand are relatively stable, and anode prices are expected to remain stable during the month.

P-c
Petroleum coke

Petroleum cokeThis week, the petroleum coke market traded well, with the mainstream coke price rising partially and the overall coke price adjusted by 80-400 yuan/ton. Sinopec's refineries have stable production and sales, and there is no pressure on refinery inventory; The medium and low sulfur coke shipments of PetroChina's refineries are good, and the supply of refineries decreases slightly; The price of petroleum coke in CNOOC's refinery went up as a whole, and the inventory of refinery remained low. This week, the output of petroleum coke increased slightly, the inventory of refineries remained low, the financial pressure of downstream refineries eased, the purchasing enthusiasm was good, the demand of negative electrode market was stable, the operating rate of aluminum enterprises remained high, and the support of demand side was acceptable. It is expected that the price of petroleum coke will remain stable in the mainstream next week, and some coke prices will be adjusted accordingly.