1. Market hot spots:
On the morning of September 1, the groundbreaking ceremony of the 900kt/a high-current-density energy-saving carbon material and waste heat power generation project (Phase II) of Yunnan Suotongyun Aluminum Carbon Material Co., Ltd. was grandly held. The project has a total investment of 700 million yuan and is located in the first phase of the project. On the north side, it will be completed and put into production in July 2022.
2. Market overview:
Today, the price of high-sulfur coke in Sinopec North China and Shandong has risen, and the rise in local refineries has continued. In terms of main business, the price of high-sulfur coke in North China of Sinopec rose by RMB 20/ton. CNPC and CNOOC are operating at stable prices. In terms of local refining, the Shandong local refining market has a good atmosphere, with coke prices rising in a wide range, and the refinery has no inventory pressure. The demand for high-sulfur coke continued to strengthen, with Jincheng Petrochemical and Xintai Petrochemical rising by 100 yuan/ton. The low- and medium-sulfur coking plants have a positive attitude toward rising prices, and prices continue to rise. The delivery of low-sulfur coke in Central China was smooth, and the price was raised by RMB 100/ton.
3. Supply analysis:
Today, the national petroleum coke output was 73,950 tons, an increase of 100 tons or 0.14% from the previous month. Jincheng Petrochemical stopped production for maintenance and Zhejiang Petrochemical reduced its production by 200 tons per day. Huajin Petrochemical produced coke today and currently produces 800-900 tons per day.
4. Demand analysis:
The domestic calcined coke market has slowed down, and aluminum prices have risen again by RMB 100/ton to RMB 21,320/ton. The recarburizer and graphite electrode market is generally trading, and the downstream demand is relatively weak.
5. Price prediction:
The downstream calcined coke and electrolytic aluminum market demand is strong, which is good for the upward price of petroleum coke. The inventory of imported petcoke ports has decreased, and the domestic demand for petcoke is strong. The supply of some medium and low-sulfur coke and high-sulfur coke refineries is tight, and the market’s follow-up bullishness is limited.
Post time: Sep-08-2021