Petroleum coke
Market differentiation, coke price upside is limited
Today’s domestic petroleum coke market is trading well, the main coke price has been partially lowered, and the local coking price has been consolidated to maintain stability. In terms of main business, the coke price of some refineries under Sinopec fell by 60-300 yuan/ton, and the market trading was acceptable; the coke price of Fushun Petrochemical, a refinery under PetroChina, responded to the market, and there was no pressure for refinery shipments; the refinery under CNOOC maintained stability For export, downstream demand is better. In terms of local refineries, the shipments of refineries are still acceptable. Affected by the large amount of coke arriving at the port, the shipment of high-sulfur coke is under pressure. The pace of downstream stocking has slowed down, and the market coke price has gradually stabilized. Ton. Refinery operating rates are high and stable, and demand-side support is acceptable. It is expected that the main coke price will be stabilized and adjusted slightly in the near future, and the price of local coking will fluctuate and adjust.
Calcined Petroleum Coke
Market trading stabilized and coke prices temporarily stabilized
Calcined petroleum coke’s market trading is weak and stable today, and the coke price is running stably after a downward trend. The price of raw petroleum coke, the main coke, made up for the decline, and the local coking price fluctuated within a narrow range, with an adjustment range of 50-150 yuan/ton. The market was trading well, and the cost-side support stabilized. In the short term, the calcined petroleum coke refinery has been operating stably, the market supply is sufficient, and the inventory has accumulated slightly. The downstream companies have a slow pace of stocking up before the festival. There is no obvious benefit on the demand side. Driven by the raw material side, it is expected that the price of calcined coke will gradually stabilize in the short term. , the refinery adjusted the price according to the inventory.
Prebaked anode
The long-term order of the company’s executives has a stable trading volume
The market trading of prebaked anodes is acceptable today, and the price of anodes will remain stable within the month. The main coke price of raw material petroleum coke has partially fallen, and the price of local coking has fluctuated within a narrow range, with an adjustment range of 50-150 yuan/ton. The price of coal tar pitch is temporarily stable, and the support of the cost side will stabilize in the short term; the operating rate of anode companies is high and stable, and the market supply The volume has not increased significantly, the refinery inventory is at a low level, the spot aluminum price is fluctuating at a low level, the market transaction has not improved significantly, the utilization rate of electrolytic aluminum production capacity is still high, and the demand side has no favorable support in the short term. It is expected that the anode price will remain stable within the month.
The transaction price of the prebaked anode market is 6225-6725 yuan/ton including tax at the low end, and 6625-7125 yuan/ton at the high end.
Electrolytic aluminum
Poor consumption, aluminum prices down
On January 6, the price in East China fell by 30% compared with the previous trading day, and the price in South China fell by 20% a day. The spot market in East China is weak in shipments, the holders of the Buddha series are shipping, the downstream stock is hesitant, and only a small amount is purchased on demand, and the market transaction is weak; the resource circulation in the spot market in South China is tightening, the holders are reluctant to sell at a high price, and the terminal receives the goods There has been some improvement, and the market turnover is acceptable; on the international front, the US dollar fluctuated and fell, and the market is now shifting its attention to the upcoming US non-agricultural employment report later today, which will be used by the market to judge the direction of the Fed’s next interest rate hike; domestic On the one hand, under the background of fading macroeconomic benefits, Shanghai Aluminum relies more on fundamentals. The growth rate of aluminum ingot inventory slowed down today, but terminal consumption is not good, and spot aluminum prices continue to decline. It is expected that the spot price of electrolytic aluminum in the future market will run in the range of 17,450-18,000 yuan/ton.
Aluminum oxide
Sporadic transactions in the market, prices temporarily stable
On January 6, the overall atmosphere of my country’s alumina market was slightly calm, with only a few transactions at high prices. Constrained by high costs and transportation pressure, the utilization rate of alumina production capacity is still not high; the procurement plans of downstream electrolytic aluminum enterprises have basically come to an end, and the market’s current inquiry willingness is not high, and only a few enterprises purchase on demand. In addition, Guizhou’s hydropower is in a hurry, and electrolytic aluminum enterprises in the region are implementing the third round of load reduction production. The scale of this round of production reduction is expected to be about 200,000 tons. In the short term, the demand for alumina may not improve. It is expected that the price of domestic alumina will remain stable in the future
Post time: Jan-09-2023