According to the commodity analysis system of Shengyi Society, the market for locally refined petroleum coke continued to rise in December. As of December 17th, the price of locally refined petroleum coke in the Shandong market was 1673.00 yuan/ton, an increase of 8.62% from 1540.25 yuan/ton on December 1st.
| Gamma-PGA (gamma polyglutamic acid) |
Cost aspect: Recently, crude oil prices have risen overall, mainly due to the potential supply risks in the Middle East caused by the turmoil in Syria, coupled with improved economic and demand prospects in Asia.
Supply side: Recently, the shipment of refined petroleum coke has been active, and the inventory of petroleum coke is low. The market supply is relatively tight, and downstream companies have actively entered the market to push up the price of petroleum coke. In the near future, imported petroleum coke ports will gradually arrive. Currently, the price of imported petroleum coke continues to rise, the speed of port shipments is good, inventory is declining, and market inquiries are increasing.
On the demand side: Currently, the spot market for silicon metal is experiencing a downward trend. On the one hand, recently, the market for silicon metal futures has continuously fallen to market lows, intensifying the negative impact of futures on the spot market. On the other hand, with the arrival of winter, a situation of weak production and demand in the metal silicon market is gradually forming, and the overall operating rate of the metal silicon market continues to decline, resulting in a decrease in the expected production of metal silicon; The overall operating rate of the downstream polycrystalline silicon market remained unchanged compared to last week, but the monthly operating rate has decreased by about 25%. The operating rate of downstream enterprises has decreased, resulting in a decrease in demand for raw materials. Currently, there is a strong wait-and-see sentiment in the downstream market of silicon metal, with a lack of enthusiasm for new order purchases. The market is dominated by low-priced transactions, and the overall supply and demand transmission in the silicon metal market is weak. The demand for high sulfur pellet coke in the silicon carbide industry and the southern fuel market still exists, but some domestic refineries have stopped supplying petroleum coke to the silicon carbide market, and currently mainly purchase imported pellet coke.
Recently, the market for medium sulfur calcined coke has continued to rise with good transactions, mainly due to the continuous rise in the raw material petroleum coke market, as well as the slight reduction in production by some enterprises in Hebei due to environmental protection policies, resulting in a slight decrease in market supply.
Recently, the electrolytic aluminum market has fallen, and downstream customers for aluminum entered a low demand season in December. After the cancellation of export tax rebate policies, the operating rate of aluminum factories has declined, and the supply and demand in domestic and foreign markets have weakened. The aluminum market has also declined, with downstream aluminum using carbon as the main demand for petroleum coke market.
Market forecast: Currently, downstream negative electrode and carbon enterprises’ procurement of petroleum coke is still acceptable, which supports the market situation of petroleum coke. In addition, the current low inventory of local refineries is expected to lead to a narrow rise in petroleum coke prices in the near future.
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