1、 Price data

According to the bulk list data of business society, the price of petroleum coke of local refiners continued to rise this week. The average market price in Shandong was 2801.25 yuan / ton on December 31, up 3.13% from 2716.25 yuan / ton on December 27.

On December 31, the commodity index of petroleum coke was 217.88, up 0.98 points from yesterday, down 16.90% from the highest point 262.19 in the cycle (2021-09-29), and up 225.73% from the lowest point 66.89 on March 28, 2016. (Note: the period refers to the period from September 30, 2012 to now)

2、 Analysis of influencing factors

This week, the refinery delivered well and the transaction was positive. The inventory of some refineries was low and the price continued to rise.

Upstream: the international crude oil price rose this week, and the Omicron mutant virus spread rapidly, but the symptoms seem to be milder than the previous variants; The market hopes that Omicron will weaken its impact on global demand in 2022 and oil prices will be supported. The main reason is that Saudi Arabia believes that oil supply is still very scarce. In addition, although the epidemic trend is still serious, the symptoms of omiron infected people are relatively mild, which brings some optimism to the market.

Downstream: the price of calcined coke remained stable as a whole this week, with an upward trend; The market price of metal silicon continued to decline; The price of downstream electrolytic aluminum rose. As of December 31, the price was 20370.00 yuan / ton.

Petroleum coke analysts of business society believe that the recent local refining manufacturers have good shipments and rising prices. At present, the downstream pre Festival procurement and low inventory in the local refining market. It is expected that the price of petroleum coke may continue to rise in the near future.