1. Market hot spots:
Xinjiang Department of Industry and Information Technology issued a notice to carry out the energy-saving supervision of enterprises in the electrolytic aluminum, steel, and cement industries in 2021. The final products of the supervision enterprises are electrolytic aluminum enterprises with molten aluminum, aluminum ingots or multiple types of aluminum alloys; iron and steel enterprises with smelting capabilities ; Complete cement production line companies (including clinker production), clinker production line companies, and cement grinding station companies that produce general-purpose Portland cement; the main monitoring content is the implementation of the energy consumption quota standard for the company’s unit product, the implementation of the elimination of backward systems, The implementation of the energy measurement management system, the implementation of the energy consumption statistics system, etc.
2. Market overview
Today, the overall domestic petroleum coke market is stable. Recently, the operating rate of the delayed coking unit of the refinery has continued to remain low. The supply of petroleum coke is still tight, and the price of some coke has risen again by 20-60 yuan/ton. At present, under the influence of the power restriction policy in Guangxi and Yunnan, the downstream part has reduced production. However, due to the increase of petroleum coke in refineries for self-use, export sales decrease, overall petroleum coke shipments are relatively stable, and refinery inventories remain low. High-speed transportation in Jiangsu has basically resumed, and the price of high-sulfur coke in East China has risen accordingly. The mid-sulfur petroleum coke market in the Yangtze River region has stable supply and strong demand side performance. There is no pressure on refinery shipments. Today, coke prices have risen again by 30-60 yuan/ton. Low-sulfur coke shipments from PetroChina and CNOOC refineries are stable. Today, coke prices remain stable at a high level, and individual refineries are expected to raise their coke prices. In terms of local refinery, due to the strict control of the epidemic in Henan, some high-speed transportation in Heze is restricted, and the current shipments of the refinery have little impact. Today, the price of coking in Shandong is going up and down, and the demand-side purchasing enthusiasm is fair, and there is no obvious pressure on the production and sales of the refinery. Hualong Petrochemical adjusted today’s index to petroleum coke with a sulfur content of 3.5%. Refined petroleum coke shipments in Northeast China are good, and the price of Polaris coke continues to rise slightly. Jujiu Energy started construction on August 16 and is expected to be scorched tomorrow.
3. Supply analysis
Today, the national petroleum coke output was 69,930 tons, a month-on-month decrease of 1,250 tons, or a decrease of 1.76%. Dongming Petrochemical’s Runze plant with a production capacity of 1.6 million tons/year delayed the shutdown of the coking unit for overhaul, and Jujiu Energy started construction, which has not yet produced coke.
4. Demand analysis:
Recently, the production of domestic calcined coke enterprises has been stable, and the operating rate of calcined coke devices has been trending smoothly. Terminal aluminum prices continued to rise sharply. Affected by the power curtailment in Yunnan and Guangxi, the price of electrolytic aluminum soared to more than 20,200 yuan/ton. Electrolytic aluminum enterprises were operating with high profits, and the capacity utilization rate continued to be high. Factory shipment. The carbon market for steel is generally trading, the recarburizer and graphite electrode markets have received mediocre response, and companies have a strong wait-and-see attitude. The negative electrode market demand is better, and the low-sulfur coke is still good for export in the short term.
5. Price prediction:
Recently, the domestic petcoke market has been producing and selling normally, and the terminal aluminum price has continued to rise sharply, and the demand side has a strong enthusiasm for entering the market. The high-speed operation in Jiangsu area resumed normal operation, and the purchasing enthusiasm of surrounding enterprises resumed, which is good for the small increase of coke prices in refineries. Locally refined petroleum coke shipments are stable, the start-up of coking units in refineries is still at a low level, downstream companies mostly purchase on-demand, refinery inventories remain low, and coke price adjustment space is limited. CNOOC low-sulfur coke market shipments are good, and coke prices are expected to continue to rise.
Post time: Aug-16-2021