Whenever you need to buy petroleum coke, you should be aware of its price. This is important because it helps you to choose the right product for your needs. There are different types of petroleum coke available in the market, such as graphitized, calcined and low sulfur.
Various factors are expected to drive the growth of Calcined Petroleum Coke price in the near future. Increased demand for paints and coatings, increased steel production, and growth of fertilizer industry are expected to create strong opportunities for players. However, the metallurgy sector is also expected to be a key driver of growth.
Asia Pacific accounted for the major share of the Calcined Petroleum Coke market in 2019. The major drivers for the Calcined Petroleum Coke market include the increasing construction activities, growth of the infrastructural activities in India and growing per capita income. Hence, the calcined pet coke market in the region is expected to expand at double-digit CAGR from 2018 to 2028.
The demand for petroleum Coke in China was low. Nevertheless, prices rose sharply in the fourth quarter of the fiscal year. In fact, a few of the big Petroleum coke behemoths raised their prices. This was a result of consistent supply and increased demand from the cement industry and steel production sector.
Graphitized petroleum coke is a type of carbon raiser and recarburizer. It is highly pure and stable. Moreover, it is used in a wide range of applications such as smelter fuel and as an electrode in the battery industry. It has a reduced production cost, no phosphorus and sulfur, and low ash.
In addition, Graphitized Petroleum Coke is used in the metallurgical industry as a reducing agent. It is also used as a stabilizer in military industrial pyrotechnic materials. Several countries trade in Graphitized Petroleum Coke. The market is expected to expand at a rapid rate. The market has been predicted to reach USD million by 2028.
The global Graphitized Petroleum Coke market is segmented into Type, Application, and Leading Players. This report provides a thorough analysis of the competitive landscape and the key growth factors. It also includes insights on the major market players, their products, services, and key developments. The report aims to provide readers with the latest information and an insight into the global Graphitized Petroleum Coke market.
During the past week, the low sulfur petroleum coke price in China continued to increase. The prices in Northeast China rose by 300-600 yuan / ton, while the prices in East China increased by 650-800 yuan / ton. In the calcined coke market, the price in Fushun and Daqing reached 92009800 yuan / ton.
The overall supply of petroleum coke in the local market is tight. The demand for the low sulfur petroleum coke is increasing. The downstream electrode market is also providing strong support to the rise of the low sulfur petroleum coke price. The smelter buying interest is weak, and the enterprise capital pressure is high.
The demand for the low sulfur petroleum coke has been increasing in the East China. The market price of the medium sulfur coke has also been rising. In addition, the demand for the negative electrode materials has been strong.
The global production of petroleum coke has been increasing in the past years. However, the demand for the fuel-grade coke has been stable.
Several key players have impacted the petroleum coke market globally. These include Chevron Corporation, ExxonMobil Corporation, HPCL - Mittal Energy Limited, Royal Dutch Shell Plc, British Petroleum, Essar Oil Ltd., and Trammo, Inc. These companies have various products that are used to fuel industrial and residential applications.
Asia-Pacific is expected to maintain its lead as the largest regional market. This is primarily attributed to the growing cement and power industries. The increase in demand for these industries is expected to propel the growth of the Global Petroleum Coke Market.
Europe is also expected to witness a high growth rate. The increased infrastructure activities in this region will also enhance the demand for petroleum coke.
The Middle East is also projected to witness a rapid rise in demand for the fuel. The increased supply of heavy oils in this region is expected to boost the market.
The North American market is also growing at a rapid pace. The increased supply of heavy oils and the technological advancements in the power generation industry are expected to boost the market.
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