1. Market hot spots:
Due to insufficient power supply capacity in Yunnan Province, Yunnan Power Grid has begun to require some electrolytic aluminum plants to reduce the power load, and some enterprises have been required to limit the power load to 30%.
2. Market overview:
Trading in the domestic petcoke market is fair today, and refineries are actively shipping volumes. Trading in the main market is good, the price of low-sulfur coke from PetroChina has risen accordingly, and the production of calcination enterprises has stabilized, driven by the price of raw materials to rise sharply. The price of coke at Sinopec refineries continued its upward trend, and the output of some refineries was adjusted within a narrow range. In some areas, shipments from refineries have slowed down due to the epidemic, and coke prices have not been significantly adjusted for the time being. Locally refined petroleum coke production and sales are acceptable, the price increase of refinery coke has narrowed, and some high-priced petroleum coke has a slight correction.
3. Supply analysis
Today, the national petroleum coke production was 71,380 tons, a decrease of 350 tons or 0.49% from yesterday. Individual refinery output adjustments.
4. Demand analysis:
Recently, the production of domestic calcined coke enterprises has been stable, and the operating rate of calcined coke devices has been trending smoothly. Terminal aluminum prices continue to fluctuate at a high level, electrolytic aluminum companies are operating with high profits, and the capacity utilization rate is as high as 90%. The demand side forms an effective support for the aluminum carbon market. In the short term, supported by raw material costs and demand, the price of calcined coke has limited room for adjustment.
5. Price prediction:
In the short term, the supply of petroleum coke from local refineries is still in short supply, the price of pre-baked anodes has not risen as much as expected, the trading of aluminum carbon market has slowed down, and the prices of individual coke in local refineries may fall. The production and sales of the main refineries are stable, and the inventory of the refineries remains low. It is expected that the price of coke will remain stable, and the low-sulfur coke market is still expected to rise due to demand.
Post time: Aug-03-2021