The price analysis of calcined petroleum coke is captured from exhaustive primary interviews with domestic and international manufacturers, traders, importers and customers on weekly, monthly and yearly basis. Market data is also collected from credible paid databases to analyze and track demand-supply trends.
Supply of low sulfur category A pet coke is tight. This is expected to push prices higher for the remainder of this year.
The global calcined petroleum coke market is growing at a fast pace. This is due to the increasing demand from the aluminum and metal industries as well as growing cement production across regions. Rising industrial activities, including iron and steel production and automotive manufacturing, are also driving the demand for calcined petroleum coke.
Increasing investment in infrastructure development, construction projects, and heavy metal work are also contributing to the growth of the global calcined petroleum coke market. This is particularly true for countries in Asia Pacific, where the demand is driven by growing economic progress and population growth.
The report provides a detailed analysis of the calcined petroleum coke market by using various analytical tools, such as Porter’s Five Forces Model and Market Attractiveness Analysis. It identifies the key drivers and challenges in the industry. Additionally, the report highlights the competitive landscape of the global calcined petroleum coke marketplace. Major market players are undertaking strategic initiatives to expand their global presence. This includes new product releases, contractual agreements, increased investments, and collaboration with other companies.
In metallurgical applications, calcined petroleum coke is used for producing aluminum, manufacturing anodes, titanium dioxide pigment and commercial & industrial lubricants. It is a low-sulfur and low-ash fuel with the high carbon content, which helps to reduce energy costs for the industry.
The demand for green petroleum coke is expected to increase globally due to soaring steel production, development in the cement and power generation industries and favorable government initiatives regarding the environment. The e-mobility market will also create an incremental demand for aluminum, which is known for its durability and anti-corrosion properties.
Oxbow offers a range of quality fuel grade and anode-grade CPC for smelter use based on customer requirements. It is produced in either a traditional rotary kiln or shaft calciner. It is available in various sulfur levels to meet the demands of the aluminum smelter. We began assessing anode-grade CPC on a monthly basis in May 2013 at the request of the aluminum industry. The assessment is based on spot tradable value, netbacks of other global transactions, bids and offers, and is normalized to a typical grade being exported from the US Gulf.
The price of calcined petroleum coke depends on many factors, including its demand from the aluminum and steel industry as well as the availability of energy to operate cement kilns. It is also affected by the prevailing price of crude oil and coal globally.
The US market witnessed a negligible decrease in the price of PET Coke on a monthly basis and almost maintained a stable price trend for the entire quarter of Q3 2022. This can be attributed to the stable performance of the downstream construction sector in the US market.
In Asia Pacific, increasing infrastructure development in countries such as India is anticipated to boost the demand for calcined coke. This can be attributed to socioeconomic changes, rising investments in the steel industry, and favorable government initiatives regarding the green environment. Moreover, the growing demand for electricity and fuel from the power plants is driving the calcined petroleum coke market in the region.
The prices of calcined petroleum coke are determined by demand from end-use industries and regional market dynamics. The price analysis is done by collecting data from various sources including primary interviews with manufacturers, traders and distributors on weekly, monthly and yearly basis. In addition, data is collected from secondary sources such as exhaustive search on reliable paid databases and company annual reports.
As a byproduct of oil and gas industry, calcined petcoke is also affected by the economic downturn, cyclical fluctuations and changes in industrial production. These factors affect the demand from aluminum and steel industries, which in turn limits the calcined petroleum coke market share.
During the quarter, demand for petroleum coke remained stable in the American market with negligible price decrease on a month-to-month basis. However, demand dropped in the construction sector due to expensive construction materials in the US. On the other hand, European market saw a surge in petroleum coke shipments due to winter devastation and higher freight costs. This helped to push up the prices of low S GPC.
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