1. Market hot spots:
On October 24, the “Opinions on the Complete, Accurate and Comprehensive Implementation of the New Development Concept” issued by the Central Committee of the Communist Party of China and the State Council to do a good job in carbon peak and carbon neutrality was released. As the “1” in the “1+N” policy system of carbon peak carbon neutralization, the opinions are to conduct systematic planning and overall deployment for the major work of carbon peak carbon neutralization.
2. Market overview:
Today, the overall domestic petroleum coke trading is stable, the price of coke in the northwest region has risen, and the price of local coking has fluctuated. In terms of main business, refineries in the northwest region are actively trading, and local companies are more enthusiastic about purchasing, and coke prices in some refineries have risen by 50-150 yuan/ton. Refineries in the Northeast region are clearly supported by the downstream, with no pressure on refinery inventories, and coke prices continue to be high. CNOOC refinery shipments slowed down, inventory increased, and coke prices fell broadly by RMB 200-400/ton. In terms of local refinery, today refineries are actively exporting shipments, and individual refineries are under pressure on shipments, and coke prices continue to fall. The shipments of some refineries in the low- and mid-sulfur market improved, and coke prices rebounded slightly. The sulfur content of Hebei Xinhai is adjusted to 2.8%-3.0%, and the sulfur content of Jiangsu Xinhai is adjusted to 3.5%-4.0%. The refinery is actively shipping and exporting, and the price of coke rises accordingly.
3. Supply analysis:
Today, the national petroleum coke production is 76,000 tons, an increase of 200 tons or 0.26% from the previous month. Zhoushan Petrochemical and Taizhou Petrochemical increased production.
4. Demand analysis:
Today, the price of electrolytic aluminum in China has been adjusted broadly. Guangxi, Xinjiang, Sichuan and other places have cancelled the preferential policies of electrolytic aluminum enterprises’ electricity prices. The cost pressure of electrolytic aluminum enterprises has increased, and the overall capacity utilization rate may continue to decline. Domestic petroleum coke prices are mainly stable, and the production of calcined coke and pre-baked anode companies is stable, and corporate profits are gradually increasing. The steady transition of graphite electrode prices and good market demand for anode materials are still favorable for the shipment of low-sulfur coke in Northeast China. The countdown to the opening of the Winter Olympics, the output of some calcination enterprises in North China has slightly decreased.
5. Price prediction:
The domestic petcoke supply is slowly increasing, the downstream purchasing attitude is cautious, and the stocking operation is slowing down. In the short term, the petroleum coke market may be the focus of consolidation and operation. The price of medium and high-sulfur coke refineries has gradually stabilized, and the price of low-sulfur coke continues to be high. Local refineries may adjust coke prices individually or according to shipments.
Post time: Oct-27-2021