The Chinese market is generally a bellwether for global prices, but fundamentals outside of the country remain firm. The average LME price of aluminium remained steady in December and rose towards the end of the month to the highest level since early 2011. US Gulf CPC prices, which are closely linked to LME prices, stood at 21pc in November, a percentage point below their March 2018 high. If aluminium prices remain near current levels, the coke market could face downward pressure.
The oil market is highly volatile, with volatility ranging from a few cents per barrel to three to four times higher than normal. However, there are signs that OPEC countries are making some efforts to stabilize prices. The latest effort was made in January when OPEC agreed to raise the OPEC-10 production ceiling by 1.5 mb/d. This move helped stabilize the market and prevent a further rise in prices.
In recent months, there have been fears that OPEC countries are not taking any effort toward meeting European oil needs. Russia, the world's third largest producer, supplies Europe with roughly 2.7 million b/d of crude. However, its crude exports have dropped in recent months, due to the turmoil in Ukraine. On March 31, OPEC and its partners will decide on their output quotas for May.
The gap between OPEC and other producers has increased. By September, the gap between the two groups was at 1.23 million bpd. If OPEC had been able to fill that gap, it would have replaced some of the Russian oil going to Europe.
This report provides detailed information on the global calcined petroleum coke market with a focus on its growth potential during the forecast period of 2021 to 2028. Its primary research methods include interviews with manufacturers, traders, importers, and customers. Additionally, it covers regional analyses. Its forecasting model takes into account the relationships between supply and demand for a particular product or service.
During the early stages of the COVID-19 pandemic, the global industrial sector was severely impacted. Refineries reduced production, creating a supply-demand gap that held back the market growth. This gap has been expected to close in the post-lockdown period due to increased demand from end-use industries. In addition, China recently announced that tariffs will be lifted on imported petcoke from the United States starting in March 2020.
Calcined petroleum coke is a byproduct of the petroleum industry. The lack of production activities negatively impacted the market for calcined petroleum coke. This has resulted in higher costs. In addition, environmental regulations restrict the use of petroleum coke due to its high sulfur content.
The report contains information on the global market for petroleum coke and analyzes the competitive landscape. It includes detailed profiles of the major players in the market. Some of the key players in the market are BP p.l.c., Chevron Corporation, ConocoPhillips Company, Exxon Mobil Corporation, HPCL-Mittal Energy Limited, Indian Oil Corporation Ltd., Shell plc., Trammo, Inc., and Valero Energy Corporation.
Petroleum coke, also known as pet coke, is a solid carbon byproduct of oil refining. It contains high levels of elemental sulfur and is used in a variety of industrial applications. It is highly stable under ambient conditions and does not dissolve in water. It also has high calorific value and low ash content, making it a good fuel for power plants and other industrial applications.
During the first quarter of 2012, demand for Petroleum coke increased significantly. This was due to high prices of upstream crude oil. Several refineries in Europe were hit by the energy crisis, which disrupted their production. Additionally, downstream cement industry demand in Europe was on the rise during the first quarter.
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