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Petroleum Coke Prices Overview

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Market Overview

Quarterly Update on Global Petroleum Coke Market

For the Quarter Ending December 2020

Asia

Demand for Petroleum Coke in the Asian market exhibited strong growth in Q4 2020 compared to Q3 2020. The demand has increased from cement industry due to ongoing construction activities in South East Asia especially China, Vietnam and India. The prices of calcined and non-calcined Petroleum Coke were traded at 200-240 USD/MT and 62-76 USD/MT depending on the quantity and proximity from the import location. The market sentiments have improved in Q4 2020, owing to increase in construction activities and rising demand from steel, cement and aluminium Industry. The prices of Petroleum Coke are anticipated to remain stable in Q1 2021 due to balance in demand and supply scenario.

Europe

Demand for Petroleum Coke in the European market remained firm. Exports from Phillips 66 Company plant located in United Kingdom have increased due to weak demand in the country. Further, majority of exports are shipped to APAC countries. The prices of Petroleum Coke in European region differ due to mixed demand across the region. The price of Petroleum Coke HSR grade was traded between 340-416 USD/MT, while HSP grade was traded around 1000- 1200 USD/MT. The prices have improved by 3-5 percent compared to Q3 2020. The demand from European region is anticipated to increase in coming months and prices of Petroleum Coke are expected to increase due to rise in crude oil prices across the globe.

North America

With the consistent increment in prices of the feedstock crude oil, Petroleum Coke prices in the US took an uptrend later in the Q4 2020. The demand for Petroleum Coke in the region has increased compared to Q3 2020, and the prices of non-calcined Petroleum Coke were traded between 60-72 USD/ MT. While green Petroleum Coke prices registered an upward trend and are traded between 67-73 USD/MT. The margin on Petroleum Coke have improved and the demand is surging from domestic and export market. The refineries with higher Nelson Complexity Index registered a healthy demand and higher profit margin due to rise in prices of sweet crude, while the sour crude prices gain momentum marginally. The prices of Petroleum Coke are anticipated to increase in coming months due to rising demand from the region and end use industry.

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Services

Market Analysis

Company-wise installed capacity, production volume and plant operating efficiency is captured directly from manufacturers. Import and Export volume is captured from government sources and demand for Petroleum Coke is calculated considering the production, import, export and inventory-levels on the country and regional level markets.

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Pricing Analysis

The product price is correlated with the price trend of crude oil, demand-supply gap, fluctuations in the feedstock and with the market movement of the downstream sectors.

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Company Profile

Basic details and information on financial performance of leading global players in the Petroleum Coke market is presented in a visually captivating manner. Expansion plans and the company’s strategy is also captured to understand the vision and mission of the company to help understand the areas where companies need to focus more.

News & Deals

Daily updates on industry-specific and product-specific news, exclusive primary-based news capturing plant shutdowns/outages/closures, capacity expansions, operating rates, insights on demand-supply situation, awarding of technology licenses, new product launch and deals specifying mergers and acquisitions, strategic investments and disinvestments, to help players capitalize on market opportunity.

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Methodology

ChemAnalyst gathers information through primary research surveys conducted with various Petroleum Coke manufacturers, spread across the domestic and international market, suppliers and dealers/distributors to gain insights into value-chains and demand-supply scenario to assess the market situation. Thorough study of company’s annual reports and secondary sources such as exhaustive search on credible paid databases, including our internal database is done to verify the information. All the collected information is analyzed, evaluated and presented in chronological order to depict a meaningful and clear picture of the concerned market.

Our dedicated team of industry experts comprehensively monitors and analyzes various aspects of the Global Petroleum Coke market. The team analyzes various industrial segments, strategic viewpoints and provides an analysis of the industry’s performance in the long run. This would enable our clients in efficiently plan their future investments, mitigate risk, understand the cost dynamics and strike out a balance amidst market volatility.

Critical examination of the impact of COVID-19 pandemic on the global supply chains and shift in demand patterns with change in buying behavior of consumers across the globe.

Several ongoing development projects across industries are tracked, followed by the details of major projects in the development stage, which can positively or negatively influence Global Petroleum Coke market.

Pricing is captured through exhaustive primary interviews with domestic and international manufacturers, traders and importers and customers on weekly, monthly and yearly basis.

Finally, region-specific markets for Petroleum Coke are analyzed and region-wise demand pattern is tracked.

About

Pet coke or Petroleum Coke is solid carbon, majorly produced as by product in crude oil-refining process. Physical and chemical properties of pet coke are dependent on quality of crude oil and cracking technology. Pet coke is categorized into fuel or anode grade, on the basis of Sulphur content. Fuel grade coke is highly rich in Sulphur and metal content and covers 80% of global pet coke production. The carbonaceous material is widely used as energy source in cement, smelting, manufacturing of aluminium & steel and other carbon consuming industries. Pet coke is majorly consumed as fuel due to its high calorific value, low particulate and Sulphur emissions, high carbon purity and easy storage and transportation.

Further, Petroleum Coke is cheaper than natural gas/naphtha and hence is a significant choice for production of chemicals. Over the past few years, pet coke has emerged as a promising alternative to the conventional sources of energy such as coal, naphtha and natural gas for production of various chemicals and intermediates. Pet coke has high carbon percentage and low ash content as compared to other sources, which makes its useful as feedstock.

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Petroleum Coke Prices Overview