Petroleum coke: The main unit pushes up individually, but the refining pressure is not reduced

International crude oil review: As a result of the Atlantic storm, the United States has reduced its crude oil imports. Market participants expect U.S. crude oil inventories to continue to fall, and New York's light crude oil prices have risen to over $90 a barrel. At the same time, the decline in the U.S. dollar exchange rate has also increased the attractiveness of the dollar-denominated commodities to the market. The news of the resumption of production of Libya dragged down Brent crude oil prices. Tuesday (September 13) New York Mercantile Exchange West Texas Light Oil October 2011 ** Settlement price US$90.21 per barrel, up US$2.02 over the previous trading day, trading range 87.81-90.52 USD; London Intercontinental Exchange Brent crude oil in October 2011 ** settled at US$111.89 a barrel, down US$0.36 from the previous trading day and trading range 111.28-113.3 USD.

Petroleum coke market dynamics: On the second day after the Mid-Autumn Festival holiday, the domestic petroleum coke market fluctuates. Individual refineries of PetroChina and Sinopec Corp. pushed up, while Shandong refineries experienced mixed gains and losses, while other markets remained stable. Sinopec's petroleum coke shipments are normal. It is reported that Sinopec's refining and sales plan has raised some refinery petrol coke prices. The current news remains to be confirmed. Only Tahe Petrochemical raised 50 yuan/ton higher. PetroChina Lanzhou Petrochemical supplies 40% of Chinalco's daily output, and its price is raised by RMB 50/t. Today's Shandong refineries are mixed, Zhenghe Group's execution price has risen by RMB 20/t, while China Lili Petrochemicals has lowered RMB 50/t. Currently, the refinery sales in the region are different, and some refinery stocks are slowly increasing. .

Downstream market conditions: Although the dollar weakened to bring some support to the market, but the concerns of the European debt crisis will still dominate the market sentiment, overnight aluminum slightly fell 5 US dollars. The lack of external demand and domestic demand to support aluminum prices is difficult to pick up, while aluminum prices are limited by the cost and production limits in the southwest, domestic spot aluminum prices have not changed much. Shanghai Aluminum opened a narrow range of fluctuations, the pressure above the 17500 yuan / ton mark near. In recent days, the price of silicon metal has generally remained stable. With the ease of power cuts in the south, the operating rates in Hunan and Guizhou have increased. Since the last week, the ferrosilicon market in Inner Mongolia has reported that the implementation of energy-saving emission reduction tasks will be ahead of schedule to limit the power of the wind, the emergence of this situation makes part of the ferrosilicon business is a brace, ferrosilicon market is about to improve.

Market outlook analysis and forecast: Middle-low* petroleum coke downstream user stocks are at low level, and short-term upward momentum is strong. At present, Shandong's geo-refinery still maintains a low inventory operation, but the expected increase in the operating rate and the continuous fall autumn weather after the holiday period form a constraint on the market transaction climate. At present, some refineries have been showing signs of fatigue. If they continue to deteriorate, they will enter the end of the next year. Due to the constraints of the National Day holiday, it is not ruled out that there is a possibility of falling prices. By then, the entire market will not be able to escape pressure.