1、 Price data

According to the bulk list data of business agency, the price of petroleum coke from local refiners continued to decline this week. On July 17, the average market price in Shandong was 4277.50 yuan / ton, down 4.16% from 4463.25 yuan / ton on July 11.

On July 17, the commodity index of petroleum coke was 332.70, unchanged from yesterday, down 18.60% from the highest point 408.70 in the cycle (2022-05-11), and up 397.38% from the lowest point 66.89 on March 28, 2016. (Note: cycle refers to 2012-09-30 to now)

2、 Analysis of influencing factors

This week, the price of petroleum coke in refineries continued to fall, the refinery shipment was under pressure, the inventory was high, the transaction was light, and the downstream procurement was mainly on demand.

Upstream: the international crude oil price fell, and the market was mainly affected by the strengthening of the US dollar. The expectation of the Federal Reserve to raise interest rates increased the risk of economic recession; Superimposed on the repeated outbreaks in Asia, the possible blockade measures will suppress demand.

Downstream: Calcined coke prices fell slightly this week; The market price of metallic silicon is rising; The price of downstream electrolytic aluminum continued to decline, and as of July 17, the price was 17436.67 yuan / ton.

Analysts of petroleum coke of business agency believe that: international crude oil fell this week, and the cost support of petroleum coke is limited; The inventory of local refining enterprises is high, the shipment of petroleum coke is under pressure, and the downstream carbon enterprises mainly purchase on demand. It is expected that the price of locally refined petroleum coke may decline slightly in the near future.