Recent situation of the petroleum coke market

Petroleum coke refers to the process of thermal fission of heavy oil after the separation of light and heavy oil after crude oil is distilled, and thus converted into a new product
.
The appearance shape is not very regular, different sizes of black lumps or particles, with a metallic luster, porous structure
.
Petroleum coke is widely used, mainly used as pre-baked anodes and anode pastes used in electrolytic aluminum, carbon industry production carburizers, graphite electrodes, smelting industry silicon and fuels
.

Product: Refined petroleum coke prices rose overall in
April.
In early April, the price of local refining was high, and the cost of downstream carbon enterprises was inverted, and the wait-and-see mood was strong; In late April, refinery shipments were positive, downstream carbon enterprises purchased before the holiday, and local coking prices partially recovered; At the end of the month, downstream enterprises have greater financial pressure, and the market has a
strong wait-and-see mood.

Upstream: The international crude oil shock in April was mainly due to the slower than expected
increase in US commercial crude oil inventories.
Market concerns about the future of tight global oil supplies still dominate
.
The market is long and short, the global economic recovery is slowing down, coupled with the Fed's interest rate hike expectations heating up, and the domestic epidemic has weighed on demand, putting oil prices under pressure
.
On the other hand, the European Union is considering imposing an oil ban on Russia, and the expected tightening of supply limits the decline in oil prices, and crude oil prices have been range-bound
recently.

Downstream: Calcined coke prices rose in April; The silicon metal market fell; The price of downstream electrolytic aluminum fell, as of April 28, the price was 20860.
00 yuan / ton
.
At present, the cost of downstream carbon enterprises is upside down, the funds are tight, the pressure to receive goods is large, and more on-demand procurement
.

Business club petcoke analysts expect: international crude oil prices high shock, refining petroleum coke price cost support, downstream carbon enterprises before the holiday procurement, but petcoke prices are high, at the end of the month downstream enterprises capital pressure is larger, cost upside down, wait-and-see mood is strong
.
It is expected that the price of petroleum coke will be dominated in the near future
.