Carbon Market after Labor Day

PETROLEUM COKE

The market trading atmosphere is good, and the coke price is partially pushed up.

The overall market shipments are acceptable, the coke prices of the main refineries are mostly stable and some are raised, and the inventory in the local refinery market is low. In terms of main business: PetroChina's Daqing Petrochemical and Fushun Petrochemical raised their coke prices by 200 yuan/ton, CNOOC implemented orders, and Sinopec's production and sales were stable. In terms of refinery: At the beginning of the month, enterprises were still enthusiastic about entering the market, and the price of coke was stable with some fluctuations. In terms of enterprises: Zhenghe sulfur increased to 2.0-2.5%, the latest quotations of Wantong Petrochemical and Huaxing Petrochemical, the sulfur content of Shengxing Petrochemical dropped to 3.3%, and the coking unit of China Overseas Coking Plant started to discharge coke. At present, the port inventory continues to be high, and downstream enterprises mainly purchase on demand. It is expected that the price of petroleum coke will be mainly stable in the short term, and some will rise or fall within a narrow range.

CALCINED PETROLEUM COKE

The price of raw materials rose slightly, and the market shipments were acceptable.

The market as a whole traded well, and coke prices fluctuated. Raw materials: the main refinery shipped well. The refinery market is stable and partially up. The calcined coke market is still in stable operation, and most of the inventories are running at a low level. The price of Nanjing Baotianda carbon high-sulfur coke in Jiangsu area was lowered, and the price of low-sulfur coke of Fushun Fangda high-tech materials in Liaoning area was raised. /t runs around. At present, the market supply is still sufficient, and the demand-side support is average. It is expected that in the short term the calcined coke market will be stable with some ups and downs.

PERBAKED ANODE

After the downstream festival, the inventory will be replenished, and the price of new anode orders will be lowered to maintain stability

The market transaction is stable, the price of anodes dropped sharply by 850 yuan/ton at the beginning of the month, and the operation is stable after the festival. On the raw material side, petroleum coke main refineries adjusted their prices individually, and local coking prices generally rose by 30-220 yuan/ton; the coal tar pitch market was affected by the decline in raw materials, and trading was weak, and the support on the cost side was acceptable. The spot price of downstream electrolytic aluminum rebounded, and social inventories continued to go out of storage. The cost and demand side support is insufficient, and the anode price has no favorable support for the time being. It is expected that the price of prebaked anodes will remain stable within the month.

The transaction price of the prebaked anode market is 4440-4940 yuan/ton including tax at the low end, and 4840-5340 yuan/ton at the high end.

ALUMINUM

Aluminum prices rebounded slightly, market trading is acceptable

The price in East China rose 40 yuan/ton compared with the previous trading day, and the price in South China rose 30 yuan/ton compared with the previous trading day. The downstream spot market in East China mainly digests the pre-holiday inventory, and the purchase willingness is average, and the overall transaction is stable and positive; the middlemen in the South China market are a little reluctant to sell, and they mainly ship at a reasonable price, and the overall transaction is average. On the macro level, foreign markets are relatively pessimistic about the economic outlook. Fundamentally, domestic electrolytic aluminum continues to be destocked, and downstream consumption is generally cautious. It is expected that the spot price of electrolytic aluminum in the market outlook will fluctuate in the range of 18750-19050 yuan / ton.