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The Price of China Petroleum Coke Rose slightly Last Week (August 24-28)
According to the data of SunSirs, the price of China domestic refiners' petroleum coke products rose. At the beginning of last week, the average price of petroleum coke in Shandong market was 1,221.5 RMB/ ton, and the average price of petroleum coke at weekend was 1,235 RMB/ ton, with a price increase of 1.11% and a year-on-year increase of 0.83%. The commodity index of light soda ash on August 27 was 76.41, up 1.71 points compared with yesterday, 35.17% lower than 117.86 points (2017-11-21), and 21.00% higher than the lowest point of 63.15 points on November 18, 2015. (Note: period refers to 2011-09-01 to now)
Analysis of Influencing Factor
Last week, the price trend of local refining petroleum coke was fair, mainly due to the shortage of petroleum coke resources. The recent rise of petroleum coke was good, the market trading atmosphere was better, and the current inventory remained low. Low sulfur coke resources were scarce, the price was stable and rising, the price of medium and high sulfur coke prebaked anode was stable, and the resource of medium and high sulfur coke was limited, and the market price was rising.
Industry: according to the price monitoring of SunSirs, there were 6 kinds of commodities in the energy sector rising and falling list in the 33rd week of 2020 (8.17-8.21). The top three commodities on the rising list were coke (3.01%), DME (2.38%) and WTI crude oil (1.93%). There were 7 kinds of commodities falling month on month, and the top three products were LNG (-2.56%), MTBE (-1.34%) and diesel (-0.58%). Last week, the average rise or fall was 0.22%.
According to the petroleum coke analysts of SunSirs, the price of coke in the local refining market rose due to the tight supply of resources, and the trading atmosphere was good. It is understood that Sinopec still has a plan for shutdown and maintenance. At that time, the production of Petroleum Coke will be small, and the transaction situation may still be in a good condition. With the rise of raw material price, the profits of carbon enterprises have shrunk. However, due to the demand from downstream, carbon enterprises still keep good shipment. Overall, it is expected that the short-term China petroleum coke market will remain stable and good, with the specific demand of downstream market.
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