1. price data
According to business bulk list data, this week refinery oil coke prices rose sharply, September 26 Shandong market average price of 3371.00 yuan/ton, compared with September 20 oil coke market average price of 3217.25 yuan/ton, the price rose 4.78%.
The Oil coke Commodity Index was 262.19 on Sept 26, unchanged from yesterday, hitting a new all-time high in the cycle and up 291.97% from its low of 66.89 on March 28, 2016. (Note: Period refers to September 30, 2012 to now)
2. Analysis of influencing factors
Refinery shipments are good this week, the supply of petroleum coke has been reduced, refinery inventory is low, downstream demand is good, positive trading, to refinery petroleum coke prices continue to rise.
Upstream: International oil prices continued to rise. The recent rise in oil prices was mainly due to the slow recovery of oil and gas production in the US gulf region. Combined with the increase in capacity utilization of US East Coast refineries to 93%, the highest since May, the continued decline of US crude oil inventories provided strong support for oil prices.
Downstream: upstream oil coke prices continue to rise, calcined burning prices rise; Silicon metal markets rose sharply; Downstream electrolytic aluminum prices rose, as of September 26, the price of 22,930.00 yuan/ton.
Industry: According to Business Price Monitoring, in the 38th week of 2021 (9.20-9.24), a total of 10 commodities in the energy sector increased from the previous month, among which 3 commodities increased by more than 5%, accounting for 18.8% of the monitored commodities in this sector. The top 3 commodities with the increase were methanol (10.32%), dimethyl ether (8.84%) and thermal coal (8.35%). MTBE(-3.31 percent), gasoline (-2.73 percent), and diesel (-1.43 percent) were the top three items with a month-on-month decline. It was up or down 2.19% for the week.
Business petroleum coke analysts believe: refinery oil coke inventory is low, low sulfur coke resource tension, downstream demand is good, refinery positive shipment, downstream electrolytic aluminum prices up, calcined burning prices up. Oil coke prices are expected in the near future or will be mainly sorted out.
Post time: Sep-30-2021