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The U.S. Petroleum Coke market experienced continued growth as of the end of November ****, largely due to the tightening of supplies, consistent industrial demand and evolving regulatory measures impacting the petroleum sector. Calcined Petroleum Coke prices continued to rise over an unprecedented twelve weeks which suggests the impact on this sector of continuing logistical problems with diminished feedstock availability and extremely strong demand from downstream consumers. The pressures of these factors have created a situation in which U.S. Petroleum Coke can be considered among the more resilient segments of the broader petroleum products market although the impact of broad-based macroeconomic factors.
In the week ending on November **st, ****, calcined-grade Petroleum Coke FOB U.S. Gulf Coast had increased to $***/MT by +*.***, up from its previous week**;s price of $***/MT. Most coke plants have low inventory levels, therefore most of their shipments are...
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