In September, domestic local petroleum coke was promoted first and then suppressed

1、 Price data

 

According to the data of the bulk list of business cooperatives, the mainstream average price of petroleum coke products of major domestic refineries in September was 4051.50 yuan/ton at the beginning of the month and 4126.50 yuan/ton at the end of the month, with a monthly increase of 75.00 yuan/ton and 1.85%.

 

On September 29, the petroleum coke commodity index was 320.95, unchanged from yesterday, 21.47% lower than the cycle’s highest point of 408.70 (2022-05-11), and 379.82% higher than the lowest point of 66.89 on March 28, 2016. (Note: the cycle refers to the period from September 30, 2012 to now)

 

2、 Analysis of influencing factors

 

Products: In September, the price of locally refined petroleum coke rose first and then fell. Before the festival in the first ten days of September, the carbon market was highly motivated to replenish. The overall support for demand was good. The inventory of locally refined petroleum coke manufacturers was low, and the price of locally refined petroleum coke continued to rise; In late September, close to the National Day holiday, the downstream goods preparation was basically completed, and the procurement was based on demand. The refinery cleared the inventory before the festival, and the price continued to decline.

 

Thiourea

Upstream: The trend of international crude oil prices in September was volatile and downward. The decline of crude oil prices was mainly due to the trade-off between the supply risk of Russian oil and the concern about economic recession caused by the Federal Reserve leading the global central bank to raise interest rates. The US strategic oil reserves fell continuously, hitting a 38 year low. OPEC+, an oil producing country, will increasingly demand for reducing inventory and increasing oil prices, and its idle capacity has been very limited, so it will be very difficult to increase production in the later period. Moreover, Western sanctions against Russia are still escalating, the effective period of the oil shipping ban is getting closer and closer, and the supply side is still on the high side in the near future.

 

Downstream: the price of calcined coke rose in September; The metal silicon market rose; The downstream electrolytic aluminum market fluctuated and fell. As of September 29, the price was 18156.67 yuan/ton; At present, downstream carbon enterprises mainly purchase on demand.

 

3、 Future market forecast

 

The oil coke analyst of the business agency predicted that: the international crude oil shocks and declines in September, and the cost support of oil coke is limited; Near the National Day holiday, the downstream goods preparation is basically over, and the procurement is mainly on demand. The refinery clears the inventory before the festival. It is expected that the price of locally refined petroleum coke will be mainly weak in the near future.

http://www.thiourea.net