Petroleum Coke Prices

Petroleum Coke Prices September 2024

The petroleum coke prices in the United States for Q3 2024 reached 370 USD/MT in September. The region witnessed notable price adjustments, influenced by increased product supply and cautious purchasing behavior. Although transportation strikes and increased supply chain disruptions owing to seasonal hurricanes pushed up logistics costs, seller offers, such as discounts, in September balanced the market. Furthermore, a strategic approach by buyers kept supply and demand in check, ensuring stable pricing during the entire quarter.

The price trend for petroleum coke in China for Q3 2024 settled at 275 USD/MT in September. The market was impacted by trade and supply chain challenges, worsened by the closure of major ports and floods during the first month of the quarter. August brought a price dip due to subdued product consumption amid global economic slowdowns. By September, resumed manufacturing and port clearances ensured local supply, resulting in a bearish sentiment in the market with consistent price declines.

In the Netherlands, the petroleum coke prices for Q3 2024 reached 360 USD/MT in September. The market faced modest declines in product prices. The market was affected by discounts, abundant supply, and logistical issues tied to problems and seasonal changes. Apart from this, the construction industry’s low demand and reduced coal rates further pressured prices. Early September saw decreased market activity due to holiday effects, maintaining a steady downward trend.

In Brazil, the petroleum coke prices for Q3 2024 reached 435 USD/MT in September. The market stayed resilient amid crude oil upswings in prices, buoyed by discounts from producers. Moreover, the introduction of sanctions affected exports, causing temporary supply issues. However, expectations of export exemptions in August balanced the downward turn, and cautious buying prevailed in September, contributing to stable and slightly lowered prices by the quarter’s end.

Petroleum Coke Prices June 2024

The petroleum coke prices in the United States for Q2 2024 reached 360 USD/MT in June. The region saw bearish conditions, impacted by high inventories and seasonal demand fluctuations, especially in the construction industry. Moreover, lower shipping costs and ample port stocks further pressured rates downward. Along with this, the market dynamic reflected problems in maintaining price stability amid these factors, contributing to an overall cautious sentiment among industry stakeholders.

The price trend for petroleum coke in Brazil for Q2 2024 settled at 420 USD/MT in June. The market was influenced by broader regional trends of high inventories and variable demand. Furthermore, competitive international pricing puts additional pressure on local prices. Additionally, market sentiment stayed cautious due to these factors combined with inflationary impacts. The overall scenario indicated continued challenges in balancing supply and demand.

In Germany, the petroleum coke prices for Q2 2024 reached 380 USD/MT in June. The market faced pronounced price drops due to oversupply and lowered demand. Apart from this, international competition with discounted prices exacerbated the issue, creating a bearish environment. Furthermore, a notable decline from the year 2022 marked ongoing struggles with market stability and pricing, reflecting persistent supply excess and weak buyer interest.

Petroleum Coke Prices December 2023

The price of feedstock in the United States for Q4 2023 reached 678 USD/MT. In November, the price trend throughout the market, maintained consistency with an alight upsurge due to the novel inventories introduced among suppliers. However, in the month of December, the prices of petroleum coke remained stable on account of the steady demand from the construction sector, which was further evened out by a moderate supply of the product.

The price trend for feedstock in South Korea reached 347 USD/MT in the fourth quarter 2023. The region witnessed a medium demand for calcinated petroleum coke followed by a steady supply which further led to a bearish trend of the market.

In Brazil, the price of petroleum coke reached 675 USD/MT in Q4 2023. The Brazilian market for this product maintained admirable uniformity in product supply allowing smooth operations for businesses. 

Regional Coverage

The report provides a detailed analysis of the market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of FOB and CIF prices, as well as the key factors influencing the petroleum coke price trend.

Global Petroleum Coke Price

The report offers a holistic view of the global petroleum coke pricing trends in the form of petroleum coke price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price levels but also provides insights into historical price of petroleum coke, enabling stakeholders to understand past fluctuations and their underlying causes. The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed petroleum coke demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Petroleum Coke Price

Q3 2024:

During the third quarter of 2024, the market for petroleum coke in the European region saw a mild price decrease for a short period of time. Although the availability of offers like discounts reduced to some extent, competitive pricing provided market activity in the first month of the quarter. The contributing reasons included strong supply and generous discounts, coupled with transport disruptions from ongoing weather conditions and conflicts. Moreover, demand slowed down, especially in sectors like construction, aligning with coal price drops in the second month of the quarter. Along with this, market activity paused in early September, attributed to the holiday period, further tempering purchases. Despite fluctuations, the market ended with a modest price decline, demonstrating a steady yet weak pricing pattern throughout the quarter.

Q2 2024:

In the second quarter of 2024, the European petroleum coke prices faced major declining pressure. The surplus supply, paired with an increased level of stockpiles and lowered purchasing activity, led to falling prices. Moreover, aggressive rates from international competitors offering discounts compounded the issue, fostering a downward market atmosphere. Germany, facing the most prominent price shifts, reported a year-over-year decline and a major dip from the last quarter, amplifying a persistent struggle with oversupply and weak demand. As a result, towards the end of the quarter, the market sentiment highlighted a challenging environment, with product rates and supply glut continuing to hinder market balance.

Q4 2023:

The European petroleum coke market witnessed a surge in prices in the months of October and November during the fourth quarter of 2023. This rise in prices can be accredited to the stable demand from downstream construction sector and constricting tonnage supply. However, during the month of December, the price trend encountered a major dip due to the fall in new construction orders.

European petroleum coke prices are examined, highlighting the market-specific influences in the region, such as stringent environmental regulations, the competitive landscape, and import-export imbalances that significantly affect pricing structures.

This analysis can be extended to include detailed petroleum coke price information for a comprehensive list of countries.

North America Petroleum Coke Price

Q3 2024:

In Q3 2024, the North American petroleum coke market showed a pattern of steady to declining prices. Surplus supply and tepid demand initially pushed prices down in July, creating favorable conditions for buyers. A notable dip in product utilization in industries like construction further reinforced this trend. In the United States, major shifts in prices were noted, as procurement based on demand and cautious purchasing stabilized demand-supply dynamics, preventing drastic changes during the second month of the quarter. The hurricane season and transportation strikes pushed up prices, particularly in logistics, but ongoing seller discounts in the last month of the quarter balanced the situation. The pricing landscape wrapped up constantly stable by the end of the quarter, with a slight overall decline.

Q2 2024:

In the second quarter of 2024, the North American petroleum coke market saw a major downturn due to various factors. High levels of stockpiles and tepid end-use demand, combined with large discounts, pressured the market. Inflation also contributed, with input and selling expense rates hitting an all-time low. In addition to this, economic challenges and geopolitical tensions further dampened market sentiment, keeping stakeholders cautious. The USA, experiencing major price shifts, exhibited a bearish trend influenced by fluctuating demand from sectors like construction and seasonal variations. Furthermore, increasing inventories in ports and reducing shipping expenses also played a role in pulling prices down. By the quarter's end, the market faced ongoing problems in maintaining stability amid an uneven demand-supply environment.

Q4 2023:

The North America petroleum coke market displayed stability throughout Q4 2023 with minimal shortages of materials. Additionally, the US market encountered steadiness in demand with a slight elevation owing to the fresh inventories entering the market among suppliers.

The analysis of petroleum coke prices in North America delves into the regional industry dynamics, encompassing the impact of local production capacities and the trade flows between North America and other significant global markets.

Specific petroleum coke historical data within the United States and Canada can also be provided.

Middle East and Africa Petroleum Coke Price

The petroleum coke market in the Middle East and Africa (MEA) region showcased a bearish sentiment owing to weaker demand fundamentals from downstream businesses. It has led to limited self-consumption and low exports, resulting in downward price trends. Furthermore, the region is experiencing challenging economic conditions and a liquidity crisis, leading to a further decline in market activity and purchasing power.

The report explores the petroleum coke pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on petroleum coke prices for countries can also be provided.

Asia Pacific Petroleum Coke Price

Q3 2024:

The petroleum coke market in the Asia Pacific during Q3 2024 experienced an initial drop in rates, which resulted in a slight upward shift. July saw logistical disruptions due to trade issues and logistical challenges, with the closure of major ports due to seasonal rain intensifying these challenges. Despite this, the broader slowdown in economic growth during August dampened demand across sectors, causing prices to dip. Furthermore, reduced demand from the coking coal industry also made petroleum coke less competitive in the market. By September, inventory clearance at ports and resumed manufacturing ensured ample local supply, leading to a downward pricing environment. The overall quarter ended with a consistent decline in prices, mirroring subdued market activity.

Q2 2024:

During the second quarter of 2024, the Asia Pacific petroleum coke market saw an upward trend influenced by multiple factors. Heightened production expenses due to geopolitical uncertainties in natural gas and crude oil industries pushed the prices of the product higher. Apart from this, refinery interruptions, attributed to maintenance activities, further tightened supply. Moreover, several facilities experienced shutdowns, reducing China’s output and exacerbating supply shortages amid low storage levels. In South Korea, where price activity was most notable, the market maintained a steady to increasing tone despite fluctuation in seasonal demand. A price hike from the previous year reflected economic improvement and strategic accumulation of stocks ahead of peak seasons.

Q4 2023:

The Asia Pacific petroleum coke encountered a stable environment throughout the fourth quarter of 2023. The region was vastly affected by complicated interplay of economic indicators and global energy trends. The electrode market displayed weakness being on the negative end, due to which a lack of support for the pricing of medium sulfur conventional calcined coke was realized.

The petroleum coke pricing trends in Asia Pacific are examined, reflecting the role of the region as a major global production hub and consumer market, with price dynamics heavily influenced by supply chain efficiencies, regional demand surges, and policy shifts in major economies.

This petroleum coke price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Petroleum Coke Price

The analysis of petroleum coke prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Petroleum Coke Price Trend, Market Analysis, and News

IMARC's latest publication, “Petroleum Coke Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition,” presents a detailed examination of the petroleum coke market, providing insights into both global and regional trends that are shaping prices. This report delves into the spot price of petroleum coke at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents a detailed petroleum coke price trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The factors affecting petroleum coke pricing, such as the dynamics of supply and demand, geopolitical influences, and sector-specific developments, are thoroughly explored. This comprehensive report helps stakeholders stay informed with the latest market news, regulatory updates, and technological progress, facilitating informed strategic decision-making and forecasting.

Petroleum Coke Market Analysis

The global petroleum coke market size reached US$ 25.3 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 45.2 Billion, at a projected CAGR of 6.50% during 2023-2032.

• The petroleum coke is a vital byproduct derived from the refining procedures majorly used as a fuel in numerous industries. One of the primary factors driving this market is constantly increasing demand from the energy industry. As developing economies across the globe grow on an exponential basis, the rate of energy consumption is parallelly increasing. Petroleum coke has a wide application base serving as a cost-friendly alternative for cement production, power generation, and numerous other industrial applications, particularly in regions where either coal is scare or expensive. According to a report published by GITNUX, 75% of pet coke produced worldwide is considered as fuel grade.
• Another factor significantly boosting the demand for petroleum coke includes the wide product utilization across industries such as construction, aerospace, and automotive. Additionally, pet coke is also majorly as a raw material for the smelting of aluminium. With the rising consumption of aluminium across the globe the demand for petroleum coke is drastically affected. As per the IMARC GROUP, the global market for aluminium is projected to grow at a CAGR of 4.71% during 2024-2032. Moreover, the rapid rate of urbanization, and increasing construction activities globally are also leading to an increased demand for aluminium, thereby positively influencing the petroleum coke market.
• Furthermore, the exponential growth witnessed in the steel industry recently is creating a positive market outlook for petroleum coke. According to the IMARC GROUP, the global steel industry has reached US$ 942.3 Billion in 2023, and is expected to reach US$ 1,279 Billion by 2032, projecting a CAGR of 3.3% during 2024-2032. In the steel industry, pet coke is mainly used for manufacturing steel through the process of blast furnace. Petroleum coke acts as a fuel and reducing agent in these furnaces assisting in the production of molten iron. Moreover, with the rising number of construction activities globally, the demand for steel is certain to increase, parallelly affecting the petroleum coke market.

Petroleum Coke News

The report covers the latest developments, updates, and trends impacting the price of petroleum coke, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, technological innovations, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the petroleum coke price trend.

Latest developments in the petroleum coke industry:

• In June 2022, ExxonMobil and Texas A&M University announced their collaboration on a procedure to create graphene by electrochemically exfoliating petroleum coke, which is a byproduct of crude oil refining.
• In February 2022, Reliance Industries Ltd., announced its objective to produce blue hydrogen in order to turn petroleum coke into synthesis gas.

Product Description

Petroleum coke also known as pet coke, refers to a carbonaceous solid procured from the refining procedure of crude oil. Traditionally, pet coke appears to be black or dark gray in color with a powdery or granular texture, however the appearance may vary based on its grade and processing method. It majorly possesses carbon (approximately 80-90%) with traces of sulfur.

Petroleum coke is usually produced through the thermal decomposition of heavy hydrocarbon fractions procured during the refining of crude oil. These fractions of heavy hydrocarbon are further subjected to temperatures in a delayed cooking unit which in turn breaks down the large hydrocarbon molecules leading to the formation of petroleum coke.

Petroleum coke is widely used in a wide array of industries including fuel in power generation, cement production, metal smelting, anode production, and fuel for industrial procedures.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of petroleum coke pricing, covering global and regional trends, spot prices at key ports, and a breakdown of FOB and CIF prices.
• The study examines factors affecting petroleum coke price trend, including input costs, supply-demand shifts, and geopolitical impacts, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The petroleum coke price charts ensure our clients remain at the forefront of the industry.