The price of domestic refined petroleum coke rebounded after falling in late April

1、 Price data

 

According to the bulk list data of business society, the average price of Shandong market on April 29 was 5172.505 yuan / ton, down 0.80% from 5213.75 yuan / ton on April 15. In late April, the price of refined petroleum coke first fell and then rose, and the overall price decreased slightly.

 

Melamine

On April 29, the commodity index of petroleum coke was 402.29, the same as yesterday, down 0.80% from the highest point of 405.52 in the cycle (2022-04-17), and up 501.42% from the lowest point of 66.89 on March 28, 2016. (Note: the period refers to the period from September 30, 2012 to now)

 

2、 Analysis of influencing factors

 

Product: in late April, the price of refined petroleum coke first fell and then rose. At present, refinery shipments are active, downstream carbon enterprises purchase before the festival, and the local coking price is partially callback. However, at the end of the month, downstream enterprises have great capital pressure and strong market wait-and-see mood.

 

Upstream: the international crude oil shock in April was mainly due to the lower than expected increase in U.S. commercial crude oil inventories. The market is still dominated by concerns about tight global oil supply in the future. The market is intertwined with long and short, the global economic recovery slows down, the Federal Reserve’s expectation of raising interest rates rises, and the domestic epidemic suppresses demand, and oil prices are under pressure. On the other hand, the EU is considering imposing an oil ban on Russia, tightening supply expectations, limiting the decline in oil prices, and the recent crude oil price range has fluctuated.

 

Sodium Molybdate

Downstream: the price of calcined coke remained stable in late April; Metal silicon market fell; The price of downstream electrolytic aluminum fell. As of April 29, the price was 20826.67 yuan / ton. At present, the cost of downstream carbon enterprises is upside down, the capital is tight, the pressure of receiving goods is great, and most of them purchase on demand.

 

3、 Future forecast

 

Analysts expect that the price of Petroleum Coke will be high, while the price of Petroleum Coke will be high in the lower reaches, while analysts expect that the price of Petroleum Coke will be low, while the price of Petroleum Coke will be high in the lower reaches, but the price of Petroleum Coke will be strongly supported by the lower reaches. It is expected that the price of petroleum coke may be mainly sorted out in the near future.

http://www.lubonchem.com/

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