1. Market hot spots:
Longzhong Information was informed that: According to statistics released by the Bureau of Statistics, in August, the manufacturing PMI was 50.1, down 0.6% month-on-month and 1.76% year-on-year, and continued to remain in the expansion range, with the expansion efforts weakened.
2. Market overview:
Domestic petroleum coke price chart
Longzhong Information September 1: Petroleum coke market prices are generally on the rise today, and the market trading atmosphere is better. In terms of main business, the price of ordinary quality No. 1 petroleum coke in Northeast China has increased by 200-400 yuan/ton. Shipping is smooth and inventory is low. Petrochemical and CNOOC are operating at stable prices. The tight supply of low-sulfur petroleum coke cannot be alleviated in a short time. In terms of geo-refining, the sulfur index of Shandong geo-refining is adjusted on a large scale, and the price of high-sulfur is stabilized. The overall inventory of the refinery is not under pressure. Demand for petroleum coke is generally better, and market prices have risen steadily.
3. Supply analysis:
Daily production chart of petroleum coke
Today, the national petroleum coke output was 73,580 tons, an increase of 420 tons or 0.57% from the previous month. Zhoushan Petrochemical will increase production, and Jincheng expects that a set of coking unit will be overhauled tomorrow and the output will be reduced by 300-400 tons/day.
4. Demand analysis:
The domestic calcined coke market has good shipments. The cost of raw materials has driven the price of calcined coke to a high level. The profit of calcination has turned into a profit, and the operation of calcination enterprises has been stable. The terminal electrolytic aluminum price rose sharply again to 21,230 yuan/ton. The electrolytic aluminum enterprises maintained high profits and started operations, which provided strong support for the aluminum carbon market. The recarburizer and graphite electrode market is generally trading, and the downstream demand is relatively weak. Active trading in the negative electrode market, with more corporate orders, is good for shipments in the low-sulfur coke market.
5. Price prediction:
The petcoke market is likely to remain high and fluctuate in a short time, aluminum prices have repeatedly hit new highs, and the aluminum carbon market has strong support. The negative electrode purchases are concentrated, and some negative electrode companies can accept a certain degree of premium. Electrode companies wait and see, steel mills will start to improve in the future. The current price-inquiring electrode market is relatively active, coupled with the sharp rise in imported petcoke resources, supporting the current domestic petcoke market to rise steadily.
Post time: Sep-02-2021