Petroleum coke
Market trading improved, local coking prices rose and fell
Market trading is acceptable, most of the main coke prices remain stable, and local coking prices are mixed. In terms of main business, Sinopec’s refineries have stable shipments of medium and high-sulfur coke, and trading is acceptable; PetroChina’s refineries have temporarily stabilized coke prices, and their inventories are at a medium level; CNOOC’s refineries have maintained stable production and sales, and executed according to contracts. In terms of local refining, coke prices have partially recovered, refinery shipments have improved, inventories have declined, and local coking prices have been adjusted by 30-200 yuan/ton. Refinery operation is stable, and downstream demand is stable. It is expected that the main coke price will remain weak and stable in the near future, and the local coke price will be driven by the demand for new orders at the beginning of the month, and the coke price will gradually maintain stability.
Calcined Petroleum Coke
Market trading is still acceptable, individual coke prices will be adjusted accordingly
Market transactions are acceptable, most of the coke prices remain stable, and coke prices of individual refineries are lowered. The price of Zhenjiang Great Wall Carbon and Zhenjiang Jindeshun carbon coke was lowered by 200 yuan/ton, and the price of Shandong Yixing carbon new material coke was lowered by 400 yuan/ton. The main coke price of raw petroleum coke remained weak and stable, and some coking prices rose or fell, with an adjustment range of 30-200 yuan/ton. Market transactions improved, and cost support was stable. In the short term, the operation of calcined petroleum coke refineries is stable, the market supply has not changed yet, the inventory is low and medium, and downstream purchases are mostly on demand. It is expected that most of the prices of calcined petroleum coke will remain stable in the near future, and some coke prices will still have a downward trend.
Prebaked anode
Market trading is stable, anode prices are generally stable
Market transactions were stable, and anode prices remained stable within the month. The main coke price of raw material petroleum coke remains weakly stable, and some coking prices rise and fall, with an adjustment range of 30-200 yuan/ton. The price of coal tar pitch remains stable at a high level. There is no obvious fluctuation, the spot aluminum price fluctuates and rises, the domestic policy is favorable, the macro news drives the non-ferrous metal market price to rise, the capacity utilization rate of aluminum enterprises remains high, and the rigid demand in the short-term market still exists. Anode prices are expected to remain stable within the month.
The transaction price of the prebaked anode market is 6625-7125 yuan/ton including tax at the low end, and 7025-7525 yuan/ton at the high end.
Electrolytic aluminum
Consumption reserves are expected to improve, spot aluminum prices rise in a narrow range
The price in East China rose by 50 from the previous trading day, and the price in South China rose by 50 a day. Holders in the spot market in East China are actively shipping goods, but high aluminum prices inhibit their enthusiasm for receiving goods. The overall downstream purchase is mainly rigid demand, and market transactions continue to be weak; holders in the spot market in South China are reluctant to sell, and downstream terminals are willing to receive goods In general, just-needed replenishment is the main focus, and market transactions are average; on the international front, U.S. consumer spending grew steadily in October, and inflation eased, which increased expectations that the Fed is closer to reaching the peak of interest rates. On the domestic front, the inventory of aluminum ingots reached a new low and superimposed consumption was boosted by the unblocking of the region, and the spot aluminum price rose slightly. It is expected that the spot price of electrolytic aluminum in the future market will run in the range of 18850-19500 yuan / ton.
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Post time: Dec-06-2022