Petroleum coke
Downstream according to demand purchase, some petroleum coke price small adjustment
Market trading is general, the main coke price maintain stable operation, the coking price small adjustment. In terms of main business, Sinopec delivers well in the region along the river, and the market is stable. CNPC maintains stable export sales, coke price is big and small; Cnooc’s refineries are under contract with medium-low inventories. In terms of local refining, the market trading is average, some refineries reduce the price and discharge storage, the market supply has no change, the downstream has higher requirements for indicators, and the coke price adjustment range of different models is 10-100 yuan/ton. Supply and demand are relatively balanced, it is expected that the main coking price of petroleum coke will be stable, and the local coking price will be adjusted.
Calcined petroleum coke
Market trading is stable, calcined petroleum coke prices maintain stable operation
Market trading is good, calcined petroleum coke price overall stable, individual adjustment. The main coking price of raw petroleum coke remained stable, while the local coking price fluctuated in a narrow range, with an adjustment range of 10-100 yuan/ton. The market turnover was normal, and the cost end support was stable. In the short term, the calcined petroleum coke refinery starts stable, the market supply does not change temporarily, the inventory is not pressure, the anode enterprises have more than one chief executive, the negative market demand is stable, the downstream market enthusiasm is reasonable, the demand end support is stable in the short term. It is expected that the price of calcined petroleum coke will be mostly stable in the near future, and some calcined petroleum coke will be adjusted with the market conditions.
Pre-baked anode
Supply and demand remain stable, and enterprises execute long-term orders
Market trading is stable, this month the anode price maintenance stable operation. The main coking price of raw petroleum coke is stable, and the price of local coking coke is adjusted slightly, with an adjustment range of 10-100 yuan/ton. The price of coal bitumen is stable, and the cost end support is sufficient in the short term. The anode enterprise operating rate is high, the market supply has no obvious fluctuations, the spot aluminum price is adjusted to a small extent, the macro news is good, the fundamental supply and demand is weak, the aluminum price is maintained shock, the short-term demand end support is stable. Monthly anode price is expected to maintain stable operation.
Pre-baked anode market transaction price low-end factory tax price 6845-7345 yuan/ton, high-end price 7245-7745 yuan/ton.
Electrolytic aluminum
Macro policy to promote, spot aluminum prices rose slightly
East China price rose 60 compared with the previous trading day, South China Southern storage rose 60. East China spot market resources circulation tightening, holding a small number of shipments, downstream receive goods better, the overall deal is OK; In the spot market of South China, the shipper’s shipment intention is poor, and the downstream actively receive goods to do inventory. The overall market transaction is good. On the international front, the US dollar shock operation, interest rate hike short window period demand favorable policy frequently, the internal and external metal trend differentiation; Domestic, although the fundamental supply and demand to maintain weak but macro policies to promote, in the short term Shanghai aluminum to maintain a strong shock. Electrolytic aluminum spot price is expected to run in the future range of 18650-19200 yuan/ton.
Catherine:+18230208262, catherine@qfcarbon.com
Post time: Nov-17-2022