In July xxxx, the Petroleum Coke market in Germany started a consolidation phase marked by muted trade activity and stable pricing. Despite the re-imposition of US sanctions, the Petroleum Coke is still reasonably priced, even though it was presently in the bottom of the low range. Amidst the cheaper coal and higher Amsterdam – Rotterdam – Antwerp (ARA) freight, the discount was just xxx. Nevertheless, because of US sanctions, Venezuela&#xx;s shipments decreased, keeping Petroleum Coke prices unchanged in Europe. Particularly as the month comes to an end, downstream consumers&#xx; interest in buying product has been minimal. Moreover, the market was oversupplied due to the weak demand and a constant flow of imported Petroleum Coke into domestic ports. As a ripple effect, several producers were being cautious and choosing to hold onto their current prices rather than take a chance on lowering them which kept the market dynamics...
