This week, the local coking price has fluctuated
Petroleum coke
This week, there has been a slight divergence in trading in the petroleum coke market. Specifically, the main coke price has slightly increased by 20-100 yuan/ton, with no pressure on shipments from Sinopec's refineries, stable prices from PetroChina's refineries, and more orders and contracts from CNOOC's refineries; In terms of refining, downstream enterprises have a wait-and-see attitude, and the trading in the refining market is average, with coke prices fluctuating by 10-1000 yuan/ton. Recently, the market supply has remained tight, and there is still support for the price of petroleum coke. It is expected that the price of petroleum coke will have a stable and narrow adjustment next week.
Prebaked anodes
The node prices have remained stable this week. The price of raw petroleum coke is still at a high level, refinery trading remains stable, and there is strong competition in the coal tar market. The focus of new orders has shifted upward, and the cost pressure on anode enterprises is significant. The latest pricing for anodes in March has been raised by 956 yuan/ton. The demand side electrolytic aluminum production capacity is running at a high level, and the output remains stable compared to last week, indicating good demand for anodes. Overall, most anode enterprises have good production loads, sufficient market supply, and are mostly fulfilling previous orders, resulting in overall stable shipments
Electrolytic aluminum电解铝
The aluminum price range fluctuated mainly this week, with an average price of 20553/ton on Friday, a decrease of 30 yuan/ton from Monday's average price. On the macro level, due to the recent increase in tariffs, there is still support for the decline in foreign markets, and the release speed of domestic macro policies has slowed down. The market's expectations for the policies of the Two Sessions have slightly weakened; In terms of fundamentals, the overall production of electrolytic aluminum is stable, and the operating capacity will still slightly increase. With the traditional peak season approaching, downstream demand may continue to improve. It is expected that the spot aluminum price will operate between 20120-20820 yuan/ton next week.