1、 Price data

According to the bulk list data of business society, the price of petroleum coke of local refiners decreased slightly this week. On October 31, the average price of Shandong market was 3234.67 yuan / ton, which was 1.02% lower than that of 3268.00 yuan / ton on October 25.

On October 31, the commodity index of petroleum coke was 251.59, unchanged from yesterday, down 4.04% from the highest point 262.19 in the cycle (2021-09-29), and up 276.12% from the lowest point 66.89 on March 28, 2016. (Note: the period refers to the period from September 30, 2012 to now)

2、 Analysis of influencing factors

This week, the refinery had a good trading, the refinery actively shipped to inventory, the inventory of individual refineries was high, and the local refined petroleum coke price decreased slightly.

Upstream: the decline in international crude oil prices this week is mainly due to the report released by the U.S. Energy Information Administration (EIA) on Wednesday that the increase of U.S. crude oil inventories last week exceeded expectations. In addition, there are rumors that Iran’s nuclear negotiations may restart and the high oil price will be corrected. Iran’s deputy foreign minister, Iran’s chief nuclear negotiator, said on twitter that a date for the resumption of talks between Iran and Western powers would be announced next week. Meanwhile, the Biden administration hopes to resume the Iranian nuclear agreement.

Downstream: the price of calcined coke remained basically stable this week; Metal silicon market has declined; The price of downstream electrolytic aluminum fell. As of October 31, the price was 20210.00 yuan / ton.

Industry: according to the price monitoring of the business society, in the list of commodity prices rising and falling in the 43rd week of 2021 (10.25-10.29), there are two kinds of commodities rising month on month in the energy sector, including one kind of commodity rising by more than 5%, accounting for 6.3% of the monitored commodities in the sector; The top 2 commodities were liquefied natural gas (7.10%) and fuel oil (0.33%). A total of 12 commodities decreased month on month, and 7 commodities decreased by more than 5%, accounting for 43.8% of the monitored commodities in this sector; The products with the top three declines were steam coal (- 31.12%), methanol (- 12.42%) and dimethyl ether (- 11.85%). The average rise and fall this week was – 6.07%.

Petroleum coke analysts of business society believe that the price of petroleum coke in refineries has fallen recently. Refineries actively ship to inventory, with good trading and investment, and the inventory of individual refineries is high. The price of downstream electrolytic aluminum fell, and the price of calcined coke remained basically stable. It is expected that the price of petroleum coke may decline slightly in the near future.