Petroleum coke prices in the USA remained effectively flat in late June as weekly assessments held steady amid a softer monthly backdrop. Early June showed higher quotes, but mid-month selling pushed values lower and by month-end offers and bids consolidated. Market sentiment was soft as downstream buyers remained cautious and refiners edged offers lower. The month-on-month picture was pronounced petroleum coke demand deteriorated relative to supply, with key industrial sectors showing muted intake. Cement, aluminum, power generation, steel and graphite electrode manufacturers consumed on an as-needed basis rather than restocking. Export demand was notably weak, with international buyers facing ample regional petroleum coke supply. On the supply side, steady refinery rates ensured ample domestic petroleum coke availability, and high inventories at major hubs softened price pressure. A power outage at TotalEnergies Petrochem & Refining USA Port Arthur caused a temporary outage that reduced petroleum coke capacity for eight days but had limited market impact. Looking ahead, analysts expect continued downside bias unless petroleum coke demand improves or refinery output tightens.
