This week, the domestic petroleum coke market has been affected by resource tension. Main units, sinopec refineries continue to increase; Cnooc subordinate low sulfur coke individual refinery prices rose; Petrochina is based on stability.
Local refining, due to no refinery inventory support, open a wide upward mode. According to the information calculation, on July 29, the average price of domestic petroleum coke was 2418 CNY/ton, up 92 CNY/ton compared with July 22.
The average price of petroleum coke in Shandong was 2654 CNY/ton, up 260 CNY/ton compared with July 22. Low sulfur coke, graphite electrode market is mainly stable, some enterprises have reduced performance, affected by this low sulfur coke overall adjustment is limited. In terms of medium and high sulfur coke, currently affected by refinery overhaul and poor oil product market, the overall starting load of refineries is at another low level, and the price of medium and high sulfur coke continues to break through and rise to high level. Thermal coal market, overall, it is expected that in the short term, the domestic thermal coal market will be high shock situation, still need to focus on the change of the supply side. Electrolytic aluminum market, it is expected that in the short term empty good factors interweave, aluminum price continues to run at about 19,500 CNY/ton position is more likely. Carbon, supported by high aluminum prices, carbon product shipments are good, but raw material costs continue to increase, carbon enterprises are expected to continue to run under pressure next week. Glass market, in the fourth week of July, the domestic float glass continued to rise trend, the market just need to be stable, the original plant in low storage support under the active price increase. At present, the original price has been at a high level, and there is a certain amount of stock in the middle and lower reaches, and it takes time to absorb the price rise. Glass prices are expected to stabilize next week with a small increase in local. The average price is expected to be around 3100 CNY/ton next week. Silicon metal market, short – term supply tight situation is difficult to ease, but lower downstream high prices to receive the willingness to reduce, is expected to silicon prices next week still have small fortune upside space.
Construction steel market, the current market is in the supply and demand of two weak situation, steel overhaul gradually increased, due to high temperature and rain downstream, transaction light, social inventory change is not big, the market business more cautious to wait and see. Market fundamentals change little, but with the entering of August, high temperature and wet or gradually reduced, the second and third line traders operation enthusiasm may increase, so the short-term market price shock is expected to become stronger, the expected range is 50-80 CNY/ton. In terms of supply and demand and related products, petroleum coke supply will increase next week as the number of refineries coming back on line increases. On the demand side, downstream profits are poor and production cuts have started to occur, but aluminum prices may spike again due to power rationing. Related products, thermal coal is still running high. It is expected that with the rise of petroleum coke to a certain high level, the sale of high price resources will be restricted, from next week, the high price of land refining may fall, the main unit temporarily maintain the trend of supplementary rise.
Post time: Jul-31-2021