Petroleum Coke Price Trend and Forecast

North America

The price of Petroleum Coke (Pet coke) in the American market increased at negligible margins for the first two months of Q4 2022. The steady performance of the downstream construction sector in the US is the primary reason for the almost stable price trend during the start of the fourth quarter of 2022. The rising of upstream Crude Oil Prices abetted the increasing price trend of PET Coke in the USA. During the final month of Q4 2022, Pet Coke prices decreased in the American market primarily due to the year-end destocking in the US and the poor demand scenario during the festive season.

APAC

For the first two months of Q4 2022, Petroleum Coke Pricing in the Asian market climbed by significant margins. The main cause of the nearly unchanged pricing trend at the beginning of the fourth quarter of 2022 in the Indian market is the downstream construction industry's consistent performance. The price trend for PET Coke in Asian markets increased due to growing upstream crude oil prices during the fourth quarter of 2022. Pet Coke prices declined with low margins in the Asian market during the last month of Q4 2022, mostly as a result of year-end destocking in Asia and weak economic conditions in one of the biggest importing markets like China.

Europe

The prices of Petroleum Coke (Pet coke) in the European market decreased during the start of the fourth quarter of 2022 as high energy costs and expensive construction materials are decreasing the procurement attitude of the downstream construction sector. During mid-Q4 2022, the European markets witnessed a price rise of Pet Coke due to the increasing price trend of upstream crude oil in the domestic markets. Pet coke prices further dropped during the last month of the final quarter of 2022 due to the destocking activities happening during the year-end, declining demand from the construction sector during the festive season, and high energy costs.

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