Quotation | Positive macro data boosts aluminum prices by 62 yuan; petroleum coke market trading remains sluggish, local refineries decline

Petroleum Coke · Quotation

Main suppliers mostly stable, local refineries declining domestic petroleum coke market average price is 3,259 yuan/ton, down 7 yuan/ton from the previous working day, with slightly sluggish market trading. Sinopec and CNOOC refineries maintain stable shipments by order; CNPC refineries maintain stable prices for trading. Local refinery coke prices are mainly declining, market trading has not improved, most refineries adjust prices downward, offering discounts to promote transactions and accelerate inventory clearance. Aluminum carbon and anode material enterprises still have rigid demand for petroleum coke; graphite electrode industry has average demand for petroleum coke; silicon carbide market demand persists, but the overall downstream support for the market is limited. It is expected that tomorrow the main refinery coke price will continue to stabilize, while some local refinery coke prices still have room to decline.

Calcined Coke · Quotation

Trading diverges, market mostly stable calcined petroleum coke market average price is 3,945 yuan/ton, remaining stable from the previous working day. Low-sulfur calcined coke trading tends to stabilize, with some refineries planning maintenance in phases, market quotes remain firm; mid-to-high sulfur calcined coke overall under pressure and weak, with no obvious positive factors, overall trading performance is flat. High operations in the electrolytic aluminum industry; stable purchasing demand from the anode material market; graphite electrode market has minor rigid demand. In the short term, the domestic calcined coke market shows a stable-to-declining trend, overall under pressure and weak.

Prebaked Anodes · Quotation

Favorable raw materials support, new anode orders expected to rise upstream raw materials receive positive support, new prebaked anode orders are expected to steadily rise. Upstream petroleum coke and coal tar pitch prices slightly decline, overall cost slightly decreases but remains high, providing strong support for prebaked anodes; production end maintains stable operations, enterprises follow a single-order production scheduling model, new capacity gradually released, overall supply shows an increasing trend. Downstream electrolytic aluminum industry remains highly active, new capacity released in an orderly manner, rigid demand supports stable procurement, prebaked anode consumption shows good performance, overall market supply and demand balanced. Market transaction prices: low-end ex-factory tax-included price 5,200-5,600 yuan/ton, high-end price 5,500-5,900 yuan/ton.

Electrolytic Aluminum · Quotation

Positive macro data, spot aluminum prices rise domestic electrolytic aluminum spot average price 24,775 yuan/ton, up 62 yuan/ton from the previous trading day. International situation slightly eases, external aluminum prices slightly fall; domestic manufacturing index recovers, spot aluminum prices rise. East China market up 60 yuan/ton, transactions acceptable; South China market up 60 yuan/ton, holders maintain price, trading improves. Manufacturing prosperity continues to recover, domestic new energy vehicle charging infrastructure steadily accelerates, operational data perform well, supporting infrastructure continues to come online and operate, further boosting demand for electrical aluminum, aluminum cables, and other related aluminum materials. Short-term aluminum price expected to continue high-level fluctuations, price range 24,650-24,900 yuan/ton.