Petroleum Coke Prices in USA

• United States: 678 USD/MT (Calcinated Grade)

In Q4 2023, the price of feedstock in the United States reached 678 USD per metric ton.

The latest report by IMARC Group, titled "Petroleum Coke Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of petroleum coke price trend. This report delves into the price of petroleum coke globally, presenting a detailed analysis, along with informative petroleum coke price chart. Through comprehensive petroleum coke price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the petroleum coke demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.

Petroleum Coke Prices December 2023:

• United States: 678 USD/MT (Calcinated Grade)
• South Korea: 347 USD/MT (Calcinated)
• Brazil: 675 USD/MT (Calcinated Grade)

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The study delves into the factors affecting Petroleum Coke price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.

The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.

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Petroleum Coke Price Trend- Q4 2023

The petroleum coke market is driven by several key factors that are shaping its growth trajectory. One of the primary drivers is the increasing demand from the aluminum and steel industries. Petroleum coke, especially the high-grade variety known as calcined petcoke, is a crucial raw material in the production of anodes used in aluminum smelting and in the blast furnace process for steelmaking. Another significant driver is the rising energy consumption, particularly in emerging economies. Petroleum coke is used as a fuel in power generation due to its high calorific value and cost-effectiveness as compared to traditional coal. Moreover, the availability of petroleum coke as a byproduct of the oil refining process plays a crucial role. As refineries continue to upgrade and expand, the production of petroleum coke increases, providing a steady supply to meet market demand. Additionally, the lower cost of petroleum coke compared to coal and other fossil fuels makes it an attractive option for various industries, enhancing its market adoption. As a result, the petroleum coke market is driven by industrial demand, economic growth in emerging markets, cost advantages, and technological advancements in emissions control despite facing challenges from environmental regulations.

Petroleum Coke Market Analysis

The global petroleum coke market size reached US$ 25.3 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 45.2 Billion, at a projected CAGR of 6.50% during 2023-2032. The petroleum coke market in North America during the fourth quarter of 2023 remained stable without significant material shortages. In the USA, demand saw a slight increase in November due to new inventory supplies, maintaining market strength. December prices for petroleum coke stayed stable, driven by consistent demand from the construction industry, despite moderate supply. In the APAC region, the petroleum coke market also exhibited stability during Q4 of 2023. South Korea experienced moderate demand for calcined petroleum coke, with a stable supply leading to a bearish trend in October 2023. Besides this, in Europe, petroleum coke prices experienced a rise in October and November 2023 due to several factors. The consistent demand from the downstream construction industry, coupled with a tightening supply, supported the price increase. In Belgium, the market situation remained stable, with moderate supply levels and destocking activities affecting pricing.

Key Points Covered in the Petroleum Coke Pricing Report:

The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:

• Petroleum Coke Prices
• Petroleum Coke Price Trend
• Petroleum Coke Demand & Supply
• Petroleum Coke Market Analysis
• Demand Supply Analysis by Type
• Demand Supply Analysis by Application
• Demand Supply Analysis of Raw Materials
• Petroleum Coke Price Analysis
• Petroleum Coke Industry Drivers, Restraints, and Opportunities
• Petroleum Coke News and Recent developments
• Global Event Analysis
• List of Key Players

Regional Price Analysis:

• Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
• Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
• North America: United States and Canada
• Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
• Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco

Browse More Pricing Reports by IMARC Group:

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Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.

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