The US Petroleum Coke market has experienced a period of relative stillness in August xxxx followed by July xxxx on the back of equilibrium maintained between supply and demand dynamics. Despite increased freight costs due to ongoing conflicts in the Red Sea and Israel, which typically drive-up commodity prices, Petroleum Coke prices have remained stable. Sellers have consistently offered discounts to offset these rising transportation costs. Additionally, the decline in coal prices, a competitive fuel has made Petroleum Coke a less appealing option for buyers, further contributing to price stability. As coal becomes more competitively priced, demand for Petroleum Coke has weakened, leading to lower discounts and a cautious market sentiment. Moreover, the decrease in crude oil prices, the primary feedstock, has lowered manufacturing costs significantly in the first half of August xxxx.
While Petroleum Coke prices have remained stable, market participants remain...
