Petroleum coke refineries in individual refinery small price adjustment, refining market trading improved significantly, in the short term bullish sentiment still exists
Petroleum coke
The coke price fluctuated within a narrow range, and the market traded well
The domestic market traded well, the main coke price maintained stable operation, and the local coke price fluctuated within a narrow range, with a fluctuation range of 20-200 yuan / ton. In terms of main business, Sinopec’s refineries have no pressure on high-sulfur coke shipments, and the indicators are relatively stable; PetroChina’s refineries have stable production and sales, and individual refineries have adjusted their prices slightly in response to the market; CNOOC’s refineries have temporarily maintained coke prices and stable inventory. In terms of ground refining, market trading has improved significantly, some refineries have accumulated warehouses, and coke prices have fluctuated within a narrow range as a whole, and the market’s bullish sentiment remains in the short term. The Shandong market currently produces more projectile coke, the price of medium and high sulfur coke rebounded slightly, and the refinery shipment was acceptable. The price of electrolytic aluminum continued to rise, and the spot market transactions were acceptable, which was favorable for the raw material coke market. The production cost of downstream aluminum enterprises is as high as 17,300 yuan / ton, and the profit margin is average. Most of the carbon used in aluminum is purchased on demand. The negative market demand continues to be good, and the overall demand side support is acceptable. It is expected that the mainstream coke price will remain stable in the later period.
Calcined Petroleum Coke
Market trading is acceptable, coke price maintains stable operation
The market trades well, the shipment of medium and high sulfur is improving, and the market demand for low sulfur coke is good. The price of high-sulfur coke in the raw material petroleum coke fluctuated, refinery shipments improved, carbon companies purchased more on demand, and the cost-side support was acceptable. The price of downstream electrolytic aluminum has rebounded, which is good for the raw material market, and the demand for the negative electrode market is stable.
Prebaked anode
Refinery cost reduction More execution of signed orders
The market trading was stable today, and the anode price remained stable as a whole. The price of raw material petroleum coke fluctuated and consolidated, with an adjustment range of 20-200 yuan/ton, and the cost-side support was acceptable; the operating rate of the anode refinery remained stable, the market supply remained stable, the downstream electrolytic aluminum price rebounded, and the market transaction was acceptable, which was good for the anode market. The profit of aluminum enterprises is low, the operating rate of aluminum enterprises that have been put into production is relatively good, and the demand-side support is stable. At present, the profit space of anode enterprises is severely compressed, and the cost of some enterprises is upside down. The anode market price is expected to remain stable.
The pre-baked anode market transaction price is low-end ex-factory price of 6710-7210 yuan / ton including tax, and high-end price of 7110-7610 yuan / ton.
Post time: Jul-20-2022