Petroleum coke
The downstream receives goods cautiously, and the market coke price continues to decline
The domestic petroleum coke market was generally traded, the main coke price remained stable, and the local coke price continued to decline. In terms of main business, Sinopec’s refineries have stable production and sales, and shipments are acceptable; PetroChina’s refineries have maintained stable sales and low inventory; CNOOC’s refineries have no pressure on shipments, and the indicators have not changed for the time being. In terms of local refining, refineries focused on reducing prices and volume, with a drop of 50-200 yuan / ton. At present, the operating rate of coking units has gradually increased, the market supply has increased slightly, and the downstream wait-and-see mood is strong, and the demand side support is acceptable. It is expected that the price of medium and high sulfur coke will still have a downward trend in the later period.
Calcined Petroleum Coke
The raw material side is bearish, the market shipment is under pressure
The market traded in general, and the mainstream coke price maintained stable operation. The price of raw material petroleum coke continued to decline, and carbon enterprises mostly purchased on demand. The cost-side support has weakened, which is negative for the calcined coke market. The market has a strong wait-and-see mood. Affected by the expectation of the Fed to raise interest rates, the overall commodity price has declined. The downstream spot aluminum price has continued to fall, and the market trading atmosphere has been light. At a high level, the negative market demand is stable, and the demand-side support is acceptable. It is expected that the mainstream coke price will remain stable in the short term, and some will be adjusted accordingly.
Prebaked anode
Refinery starts stable and market trading is good
The market traded well today, and anode prices remained stable overall. The price of raw material petroleum coke continued to decline, with an adjustment range of 50-200 yuan/ton. The price of coal tar raw materials remained weak and stable, the cost-end support was weakened, and the profits of coking enterprises shrank; the operating rate of anode refineries remained high, and most refineries were operating at full capacity. Most of the companies have executed the signed orders, and the downstream spot aluminum price is affected by the expectation of foreign interest rate hikes and the pessimism of the market economy.
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-18-2022