The global pet coke market started November 2025 with a counterbalancing theme—a market that is divided, yet balanced, at an industrial level. In Europe, the market remained stable as operational refinery activity continued to flow free and supply levels were comfortable, balancing low demand and higher costs for environmental compliance. The UK and Rotterdam hub-maintained stability on the refinery throughput side and the cement sector remained active. In Asia, the region exhibited strength to start the month, driven by strong consumption from the cement sector, along with the anode and electrode industries, and tightening feedstock availability for refinery outages. The region remained supported by active trade flows and steady industrial calloff rates in China and South Korea. While Europe’s pet coke activity continues to demonstrate balance and caution, Asia appears to be building consistent momentum, powered by supply interruptions and economic industrial advancement. Overall, the global pet coke market enters November with stability in the West and overall strength in the East.
