1、 Price data
| Bacillus thuringiensis |
According to the commodity analysis system of the business community, the price of petroleum coke of the local refiner fell first and then rose this week. On April 16, the average price of Shandong market was 1794.00 yuan/ton, 0.99% higher than the price of 1776.50 yuan/ton on April 10.
On April 16, the petroleum coke commodity index was 139.53, unchanged from yesterday, 65.86% lower than the cycle’s highest point 408.70 (2022-05-11), and 108.60% higher than the lowest point 66.89 on March 28, 2016. (Note: The cycle refers to the period from September 30th, 2012 to the present)
2、 Analysis of influencing factors
This week, the price of refinery petroleum coke rose first and then fell, rising as a whole. The inventory of local refining enterprises was low, downstream enterprises and traders concentrated on stocking up, and local refining petroleum coke market traded well. However, at present, the port petroleum coke inventory is at a long-term high level, which cannot be changed in the short term, and the port petroleum coke delivery and investment is limited.
| Gamma-PGA (gamma polyglutamic acid) |
This week, the international crude oil market fluctuated and rose. On the one hand, on April 2nd, Saudi Arabia, together with several major oil producing countries, announced a voluntary reduction of over 1.6 million barrels per day from May to the end of 2023 outside the OPEC+agreement, which greatly affected the price of crude oil. On the other hand, the pressure on the Federal Reserve to raise interest rates has eased, boosting international oil prices. Data released by the US Department of Labor shows a decrease in US March CPI data, which means that the pace of inflation in the US has slowed down, and the pressure on the Federal Reserve to raise interest rates has eased. Investors expect the Federal Reserve’s interest rate hike cycle to come to an end, which has affected the trend of international oil prices. Finally, the strong demand for crude oil in China has further strengthened the market’s bullish expectations.
The price of calcined coke remained basically stable this week; At present, silicon plants are under great pressure of loss, and the mood of stabilizing is strengthened, and the demand for petroleum coke is weak; Downstream electrolytic aluminum prices have fluctuated and increased, and aluminum carbon enterprises are still able to purchase.
Petroleum coke analysts from the business community believe that the recent low stock of locally refined petroleum coke, the concentration of downstream enterprises and traders to stock up, and the local refining petroleum coke market trading well. However, at present, the port petroleum coke inventory is at a long-term high level, which cannot be changed in the short term, and the port petroleum coke delivery and investment is limited. It is expected that the market of locally refined petroleum coke will rise slightly in the near future.
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