The market overview
This week the negative material market for petroleum coke support good, northeast region of high quality low sulfur coke prices continue to rise 200-300 yuan/ton; Cnooc coke shipment is general, coke price down 300 yuan/ton; Shipment of high sulfur petroleum coke market differentiation, sinopec refinery shipment is good, part of the coke prices continue to push up 20-30 yuan/ton, local refinery petroleum coke is impacted by the import of coke is larger, and electrolytic aluminum market generally, downstream aluminum with carbon enterprise receiving mentality changed, more than a wait-and-see attitude, coking sharp downward price 100-950 yuan/ton.
This week market price influence factor analysis
In terms of high sulfur petroleum coke
1. In terms of supply, the main refinery Tahe Petrochemical coking unit started to produce coke this week. Some refineries continue to operate at a low level due to the general market situation of refined oil products. Local refinery coker new open and shut down more, rizhao arashi bridge, friend’s new science and technology, the jin cheng petrochemical plant coking plant shutdown overhaul, rich sea joint, hualian, celestica chemical coking unit starts and coke, coking and land price after continuous downward, downstream enterprise procurement enthusiasm increased, the overall inventory has decreased from last week; Overall, petroleum coke market supply continues to increase slightly; Northwest petroleum coke market performance this week, gram petrochemical oil coke price this week up 300 yuan/ton, other refinery coke price steady trading. Northwest region of low – sulfur coke shipments are still performing well, downstream on – demand procurement, refinery inventory low. Second, in terms of demand, negative material enterprises have good demand for petroleum coke. Due to the continuous production of new production capacity, traditional negative material enterprises mainly purchase low-sulfur petroleum coke, but due to the limited supply of low-sulfur coke in the market, they turn to purchase medium sulfur petroleum coke, which has a great impact on the traditional market. Electrode, carburizer market demand for petroleum coke stable; The demand for petroleum coke in the aluminum carbon market is stable, but because the coke price has been at a high level, the downstream capital pressure is great, and the superimposed import of high sulfur coke to the port is more, because of its low price, some enterprises turn to purchase imported coke, forcing the coke price downward, local refineries are affected by this, the inventory pressure is great, forced to sell at a lower price. Three, port, this week imports of high sulfur coke to the port more, port petroleum coke inventory is increasing; Affected by the domestic local refinery coke price significantly down, imported high sulfur sponge coke market shipments in general, low sulfur sponge coke resources are still tight, coke price is strong; Silicon metal market is weak, Formosa plastic coke shipment general, coke price stability. Low sulfur coke market: this week, petrochina’s refineries in northeast Daqing, Fushun and other high quality petroleum coke prices up 200-300 yuan/ton, Jinzhou, Jinxi and Dagang this week oil coke part of the execution of bidding, the recent low sulfur coke market affected by the downward price of carbon coke, the overall shipment performance is general. At the same time, Cnooc’s refineries Taizhou, Huizhou petrochemical this week petroleum coke prices down 300 yuan/ton, northeast coke city has an impact. Cnooc’s refinery petroleum coke mainly for aluminum carbon market more, recent coking price down faster, empty CNOOC low sulfur coke market trading.
This week to refinery oil coke market trading in general, coke prices as a whole down 200-950 yuan/ton; Affected by the concentration of imported high-sulfur coke in Hong Kong, superimposed part of the coking plant started to coke, oil coke supply in the refinery market increased, of which about 4.5% sulfur oil coke increase is the most obvious, the price was forced to reduce; Because the price of low sulfur petroleum coke has been at a high level, the downstream initiative is lower, the price fell. The high price of petroleum coke after a continuous downward, downstream carbon enterprises to improve the enthusiasm of goods, to refinery oil coke prices to stabilize. As of May 19, the existing conventional maintenance of 11 coking units, this week fuhai United, Fuhai Hualian and Tianhong chemical coking units started to coke, Rizhao Lanqiao, Jincheng petrochemical plant and Youtai Technology coking units stopped maintenance. As of Thursday, the daily output of petroleum coke is 28,850 tons, and the operating rate of petroleum coke is 54.59%, 0.85% lower than last week. As of This Thursday, low sulfur petroleum coke (sulfur about 1.5%) factory mainstream transaction price 5980-6800 yuan/ton, medium sulfur petroleum coke (sulfur 2.0-3.0%) factory mainstream transaction price 4350-5150 yuan/ton, high sulfur petroleum coke (sulfur about 4.5%) factory mainstream transaction price 2600-3350 yuan/ton.
The supply side
As of May 19, the existing conventional maintenance of coking devices 17 times, this week rizhao Lanqiao, Youtai Technology, Jincheng petrochemical new plant coking device shutdown maintenance, Fuhai United, Fuhai Hualian, Tianhong Chemical, Tahe petrochemical coking device started to coke. As of Thursday, the national daily output of petroleum coke 66,900 tons, coking operation rate 53.51%, 1.48% higher than last week.
Demand side
This week, the downstream anode materials and electrode market for low sulfur coke demand is good, support coke price high operation; Aluminum carbon enterprises have a stable demand for petroleum coke, but because the coke price is high for a long time, the enterprise has great financial pressure, and the enthusiasm for receiving goods is general; Carburizer, silicon metal market demand for petroleum coke stable.
An inventory
This week low coke market demand is good, low coke inventory continues to maintain low; Medium and high sulfur market demand is stable, the main refinery petroleum coke inventory at the low level, refined petroleum coke price through continuous decline, downstream enthusiasm has improved, refined petroleum coke overall inventory fell to the low.
Market outlook forecast
Baichuan Yingfu is expected next week low sulfur oil coke market price will be weak and stable; The supply of high sulfur petroleum coke is increasing, but the anode material enterprises have turned to purchase in sulfur coke, the price of sulfur coke stroke must support, high sulfur coke price after continuous reduction, shipment improved, Baichuan Yingfu is expected next week in high sulfur petroleum coke price stability, part of the adjustment.
Post time: May-20-2022