Summary of Last Week Electrolytic Aluminum,Prebaked Anode and Petroleum Coke Market

E-al

Electrolytic aluminum

The average market price this week increased. The macro atmosphere is acceptable. In the early stage, the overseas supply was disturbed again, the superimposed inventory continued to be low, and there was support below the aluminum price; in the later stage, the US CPI fell in October, the US dollar plummeted, and the metal rebounded. On the supply side, production cuts and resumption of production are carried out at the same time, and it is difficult to provide sustained upward momentum in the short term. On the demand side, the performance is still weak, and the domestic epidemic situation is scattered in many places, which brings uncertainty to the demand of the aluminum market. It is expected that the aluminum price will fluctuate between 18100-18950 yuan / ton next week.

P-ba

Prebaked anode

Market transactions were stable this week, and prices remained stable during the month. The price of raw petroleum coke, the main coke price, was partially lowered, the local coking price stopped falling and rebounded, the price of coal tar pitch was high, and the cost side was supported and stabilized in the short term; the anode enterprises started stable operation, and the spot price of downstream electrolytic aluminum fluctuated under the influence of the news. The transaction is acceptable, the profits of aluminum companies are upside down, the progress of resumption of production and new production is slow, and the demand side is still in demand in the short term, and the support is stable. The anode price is expected to remain stable within the month, and the price is expected to remain stable in the later period.

P-c

Petroleum coke

This week, the market trading improved, the main low-sulfur coke prices were partially lowered, and the local coking prices rebounded in response to the market. PetroChina and CNOOC refineries mainly ship low-sulfur coke, some refineries have lowered coke prices, and downstream purchases are active; Sinopec refineries have stable production and sales, and positive shipments. The local refining market has improved trading, reduced logistics pressure, downstream companies replenished their inventories on demand, refinery inventories have declined, and port inventories have been high, which have been pre-sold in advance, the impact on the local refining market has been reduced, and the demand side is well supported. The main business is stable and small, and the price of local coking still has room for improvement.

Catherine:+8618230208262   catherine@qfcarbon.com