Petroleum coke
The enthusiasm for receiving goods downstream is acceptable local coking prices rose slightly
The domestic market traded well, most of the main coke prices remained stable, some high-priced coke prices were lowered in response to the market, and local coke prices rebounded in a narrow range. In terms of main business, Sinopec’s refineries are generally stable, and there is no pressure on refinery shipments; PetroChina’s refineries’ low-sulfur coke transactions are acceptable, and market transactions are stable; CNOOC’s Binzhou Zhonghai Asphalt low-sulfur coke prices are reduced by 250 yuan / ton. In terms of local refining, the refinery’s shipment situation was relatively good, and the overall shipment was at the maximum output, the refinery inventory decreased, and the local coking price increased by 50 yuan / ton in a narrow range. The overall market is more optimistic about the market in the later period, the supply and demand are relatively balanced, the operating rate of downstream refineries is relatively stable, and the demand-side support is acceptable. It is expected that the price of coke will fluctuate and consolidate in a narrow range in the short term.
Calcined Petroleum Coke
Cost-end support is better, coke price stabilizes
The market traded well, and coke prices remained stable as a whole. The main coke price of the raw material petroleum coke remained stable. The coke price of individual refineries fell by 250 yuan/ton, and the high-sulfur coke price of local coking rose by 50 yuan/ton in a narrow range, and the cost-side support was better. The operating rate of the calcined coke plant has not changed for the time being, and the supply side has not added any new products. The refinery inventory remains low, and the overall market is trading well. The downstream anode refinery orders are stable, the raw material inventory is low, and the rigid demand is mostly maintained. The price of electrolytic aluminum maintains a stable operation above the cost line of 18,000 yuan.
Prebaked anode
Downstream demand is generally stable, the market price is temporarily stable
The market traded well today, and anode prices remained stable within the month. The price of raw material petroleum coke rose by 50 yuan / ton in a narrow range, and the cost side was slightly under pressure; there is still a certain profit margin for anode companies, and the operating rate has not fluctuated significantly, and many refineries have signed orders. Today, the spot price of electrolytic aluminum has risen by 106 yuan/ton, and the consumption of the terminal market will not be significantly boosted in the short term. The introduction of some real estate policies has little impact on the anode market in the short term. The operating rate of electrolytic aluminum that has been put into production is stable, and the demand side support is acceptable. The anode market price is expected to remain stable during the month.
The prebaked anode market transaction price is low-end ex-factory price of 6510-7010 yuan/ton including tax, and high-end price of 6910-7410 yuan/ton.
Post time: Aug-08-2022