The European Petroleum Coke market in Germany witnessed a period of stability in September xxxx, defying the upward pressure exerted by increased freight costs. While the transportation sector from the USA has faced disruptions due to the hurricane season and ongoing strikes in Germany, leading to higher commodity prices, the Petroleum Coke market has remained relatively unaffected. This stability was attributed to persistent discounts offered by sellers amid the presence of lower-priced Venezuelan cargoes, and a cautious approach from buyers which kept the prices intact during this timeframe. Despite the prices of Petroleum Coke remaining stable during September xxxx, the overall market trend was bearish due to lower enthusiasm from the consumer end.
One of the primary factors contributing to the stability of Petroleum Coke prices is the continued availability of Venezuelan cargoes. These cargoes, known for their higher sulfur content, typically trade at lower prices...
