The global wholesale calcined petrol coke market is growing quickly. This is due to a growing construction industry in Asia Pacific and a high demand for calcined petroleum coke from the aluminum, steel, and cement industries. The demand for calcined catcoke is expected to be driven by the increasing investment in infrastructural projects in the Asia Pacific region. The market is characterized by the presence of numerous players, which are adopting various strategies to strengthen their position in the industry. These include product launches and expansions, partnerships and intensive R&D.
Calcined Petcoke comes from crude oil refinement. It is treated to remove impurities, moisture and other contaminants that are present in raw petroleum. It has a wide range of industrial uses, such as in electric-arc furnaces used to produce steel and iron. It is also used to produce electrodes for melting metals such as copper, zinc and lead. It comes as green coke (also known as calcined and regenerated calcined) or calcined and regenerated coke.
In Q4 2020, the market for calcined petroleum coke in Asia Pacific witnessed a significant increase in demand. This was mainly due to the ongoing building projects in regions like India and China. The construction activities in these countries are booming due to the economic reforms in place and the development of infrastructure. In addition, population growth has led to an increased need for residential buildings.
Demand for calcined petrol in North America has decreased. This was due to the hurricane Ida-induced freeze in production and shipment activities in the area. The cost of freight increased, causing the price of calcined Petroleum Coke to rise.
In the first month of the Q1 2023, the demand for calcined petrol coke in Europe declined. This was due mainly to the low construction activities. Moreover, the Chinese Lunar New Year holidays also affected the price of this commodity. The demand in Europe for calcined Petroleum Coke improved later. The supply of calcined petroleum coke in Europe also improved after dockworkers, ports and the unions reached an agreement on their labor dispute. The prices of calcined petroleum coke in Brazil also decreased as a result. The price of crude oil was a major factor in determining the price of this product. The demand for this product in Brazil was high due to its low production rate and the robust demand from downstream industry. This prompted the producers to increase their capacity to meet this demand.
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