1、 Price data
This week (4.13-4.17) the price of ground refined petroleum coke decreased slightly. According to the data of the business club’s large scale list, the average mainstream price of petroleum coke products of domestic refineries was 1080.00 yuan / ton at the beginning of the week and 1055.00 yuan / ton at the end of the week, down 25 yuan / ton in the week and down – 2.31% in the week.
| Benzalkonium chloride |
On April 17, the petroleum coke commodity index was 82.06, unchanged from yesterday, 47.26% lower than 155.59 (2018-01-25), the highest point in the cycle, and 22.68% higher than 66.89, the lowest point on March 28, 2016. (Note: cycle refers to 2012-09-30 to now)
2、 Analysis of influencing factors
Product: the overall delivery of refined petroleum coke this week is general, the operating rate of refining is increased, and the inventory pressure of the refinery is large.
Industry chain: upstream: according to the monitoring of the business agency, WTI crude oil in the United States is 22.76 USD / barrel at the beginning of the week, 19.87 USD / barrel at the end of the week, up or down by – 12.70%; Brent crude oil is 31.48 USD / barrel at the beginning of the week, 27.82 USD / barrel at the end of the week, up or down by – 11.63%. Although OPEC + production reduction meeting achieved production reduction, it was less than the expected quantity. In addition, with the continuous increase of US crude oil inventory, the demand of crude oil market is expected to decline sharply, and the international crude oil price continues to decline. Downstream: some calcined coke burning enterprises will produce, and the overall demand of downstream enterprises is general. The operating rate of downstream carbon enterprises is low, and the demand is general. The price of electrolytic aluminum is supported by cost, and the price has increased. According to the data of business agency, the average price of domestic aluminum ingot Market as of April 17 is 12016.67 yuan / ton.
| Sodium Molybdate |
Industry: according to the price monitoring of the business association, in the 15th week of 2020 (4.13-4.17), there are 5 commodities in the list of commodity price rise and fall in the energy sector, including 1 commodity with an increase of more than 5%, accounting for 6.3% of the monitored commodities in the sector; the top 3 commodities are liquefied gas (8.62%), dimethyl ether (4.47%) and MTBE (3.86%). There are 10 kinds of commodities falling on a month on month basis, with 3 kinds of commodities falling by more than 5%, accounting for 18.8% of the number of commodities monitored in the sector; the top 3 products falling are WTI crude oil (- 12.70%), Brent crude oil (- 11.63%) and naphtha (- 10.17%). This week’s average was – 1.58%.
3、 Future forecast
Analysts of petroleum coke of business association predict that the market price of petroleum coke in this week will drop slightly, mainly due to the increase of the operating rate of local refining enterprises, the increase of market supply, the large inventory pressure, the limited operating rate in the downstream, the general demand, and the strong wait-and-see mood in the downstream. It is expected that the price of petroleum coke in the local refining industry will stabilize in the near future, and some enterprises will fluctuate slightly, with the price range of 950-1100 About yuan / ton.
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