This week, the market for refined petroleum coke is weak

According to the commodity analysis system of Shengyi Society, the price of locally refined petroleum coke has been weakly adjusted this week, with a slight decline. As of July 21, the price of locally refined petroleum coke in the Shandong market was 1480.50 yuan/ton, a decrease of 0.13% from 1482.50 yuan/ton on July 15.

 

On the cost side: The crude oil market is fluctuating downwards, supported by the traditional peak consumption season in the United States and the increasing expectation of the Federal Reserve’s September interest rate cut. However, the market still has concerns about the economic and demand prospects, and negative sentiment also exists.

 

Supply side: This week, the shipment of petroleum coke from local refineries has been active, and the prices of petroleum coke from refineries have fluctuated. Some refineries have adjusted their prices based on sulfur content, and downstream purchases of petroleum coke are limited, with average transactions. At present, the inventory of imported petroleum coke is high and shipments are average, which provides weak overall support for the petroleum coke market.

 

On the demand side: Currently, the metal silicon market is entering a period of high demand, and the production of metal silicon devices continues to increase. The overall operating rate is at a high level, and the supply side has sufficient supply. Some regions are under pressure to ship, and the support provided by the supply side to the metal silicon market is limited. At present, the demand for petroleum coke procurement from metallic silicon is still acceptable, supporting the petroleum coke market.

 

This week, the market for sulfur calcined coke has been weakly consolidated, and the upstream petroleum coke market is weak. Currently, most companies are stabilizing their prices and shipping, while downstream companies are mainly observing and waiting.

 

This week, aluminum prices have declined due to external factors and the completion of production resumption by Yunnan enterprises. In June, there was a significant increase in ingot production in Qinghai, Guizhou and other regions. Based on current market expectations for aluminum alloys and feedback from enterprises, it is expected that domestic ingot production will continue to increase in July. Downstream aluminum carbon enterprises maintain essential procurement of petroleum coke.

 

Market forecast: Currently, there is sufficient supply of domestic petroleum coke, high port inventory, limited downstream demand, and mainly on-demand procurement. It is expected that the local petroleum coke market will consolidate weakly in the near future.

http://www.lubonchem.com/

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>