According to the commodity analysis system of Shengyi Society, the market for locally refined petroleum coke has slightly increased this week. As of November 24th, the price of locally refined petroleum coke in the Shandong market was 1523.25 yuan/ton, an increase of 0.66% from 1513.25 yuan/ton on November 28th.
| Gamma-PGA (gamma polyglutamic acid) |
Cost wise: Crude oil prices have risen this week, and OPEC’s production reduction plan of 2.2 million barrels per day has been extended until the end of December, which is good news for international oil prices.
Supply side: The shipment of refined petroleum coke this week is still acceptable, but the supply of petroleum coke with medium and low sulfur indicators is relatively tight, and the price has slightly increased. The price of high sulfur petroleum coke has fluctuated, and the market trading is average. A small amount of imported petroleum coke arrived at the port this week, causing inventory to fall. Low sulfur petroleum coke spot is limited, and market inquiries have increased.
On the demand side: Currently, there is little change in the overall supply of metallic silicon in China, and most of the silicon industry in Xinjiang is mainly based on pre orders, with little change in spot supply. Due to the overall low operating rate in Yunnan and Sichuan regions, although there are relatively few new spot orders and overall transaction orders, inventory pressure is not high, and the overall shipping mentality is normal. The market has stable quotes in multiple dimensions.
Recently, the market for medium sulfur calcined coke has remained stable, with limited downstream demand. Currently, most companies are starting to pre sell orders for next month, and downstream customers are mainly observing and waiting.
The early rise in aluminum prices was mainly due to the upward shift of the cost center, which drove the rise of the industrial chain market. In particular, the price of raw material alumina has risen significantly, and the near end fundamentals are expected to be good, resulting in strong prices and causing aluminum prices to skyrocket. At present, the main reason for the decline in aluminum prices is due to fundamental considerations of supply and demand. After rising, prices have begun to make slight corrections.
Market forecast: Currently, downstream negative electrode and carbon enterprises are facing an increase in inquiries, urgent procurement needs, and decent trading in the local petroleum coke market. In addition, due to the tight inventory of low sulfur petroleum coke, it is expected that the price of petroleum coke may rise slightly in the near future.
| http://www.lubonchem.com/ |