1、 Price data

According to the bulk list data of business society, the price of petroleum coke of local refiners rose sharply this week. On September 6, the average price in Shandong market was 2835.00 yuan / ton, up 7.04% from 2648.50 yuan / ton on August 30.

On September 6, the commodity index of petroleum coke was 220.50, up 9.92 points from yesterday, a record high in the cycle, up 229.65% from the lowest point of 66.89 on March 28, 2016（ Note: period refers to 2012-09-30 to now)

2、 Analysis of influencing factors

With the commencement of coke production in the inspection and repair plant, the supply of petroleum coke has increased, but the self consumption of petroleum coke in some refineries has increased, the inventory of refineries is low, the downstream demand is good, the trading and investment are positive, and the price of locally refined petroleum coke has increased significantly.

Upstream: international crude oil rose, mainly due to the expected warming of global economic recovery and favorable U.S. economic data. In addition, the organization of Petroleum Exporting Countries (OPEC) raised its oil demand forecast for next year, resulting in a strong increase in oil prices.

Downstream: the price of upstream petroleum coke continues to rise, and carbon enterprises continue to operate under pressure under the cost pressure of carbon enterprises; The price of calcined coke rose; Metal silicon market continues upward trend; The price of downstream electrolytic aluminum rose. As of September 5, the price was 21343.33 yuan / ton.

Industry: according to the price monitoring of the business society, in the list of commodity prices rising and falling in the 35th week of 2021 (8.30-9.3), there are 8 kinds of commodities rising month on month in the energy sector, including 1 kind of commodity rising by more than 5%, accounting for 6.3% of the monitored commodities in the sector; The top three commodities were coking coal (9.47%), power coal (4.16%) and coke (3.62%). There were 6 commodities with month on month decline, and the top 3 products were diesel (- 0.79%), gasoline (- 0.56%) and naphtha (- 0.48%). Both rose or fell by 1.4% this week.

The petroleum coke analyst of business society believes that the inventory of local refineries is low recently, some refineries are mainly for their own use, and the downstream demand is good. Local refineries mainly execute early orders, and it is expected that petroleum coke may rise in the near future.