1、 Price data
According to the bulk list data of business society, the price of petroleum coke of local refiners continued to decline this week. On November 21, the average price of Shandong market was 2595.75 yuan / ton, which was 10.90% lower than that of 2913.25 yuan / ton on November 15.
On November 21, the commodity index of petroleum coke was 201.89, the same as yesterday, down 23.00% from the highest point 262.19 in the cycle (2021-09-29), and up 201.82% 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 trading of refineries was general, the refinery shipment was positive, and the local refined petroleum coke price continued to decline.
Upstream: international oil prices fell sharply this week. According to the monitoring of business news agency, WTI crude oil fell by 6.97% and Brent crude oil fell by 4.80%. Although the U.S. commercial crude oil inventory data was positive last week, the main concern was the epidemic in Europe and the United States wanted to release strategic crude oil reserves with major economies. The short market atmosphere still put pressure on oil prices.
Downstream: the price of calcined coke fell this week; Metal silicon market continues to decline; The price of downstream electrolytic aluminum fell. As of November 21, the price was 18553.33 yuan / ton.
Industry: according to the price monitoring of business society, there are 5 commodities in the list of commodity prices rising and falling in the energy sector in the 46th week of 2021 (11.15-11.19), and the top 3 commodities are naphtha (4.70%), diesel (3.82%) and gasoline (2.73%). A total of 10 commodities decreased month on month, and 5 commodities decreased by more than 5%, accounting for 31.3% of the monitored commodities in this sector; The products with the top three declines were coking coal (- 12.35%), petroleum coke (- 10.90%) and asphalt (- 10.26%). The average rise and fall this week was – 2.94%.
Petroleum coke analysts of business society believe that the price of petroleum coke in refineries has fallen recently, refineries are actively shipping, and the trading is general. The price of downstream electrolytic aluminum fell, the price of calcined coke fell, the metal silicon market continued to decline, the downstream procurement enthusiasm was general, and the goods were prepared carefully. It is expected that the price of petroleum coke may continue to decline in the near future.