The calcined petrol coke (CPC), is the leading global forum for this industry. As a highly combustible, solid byproduct of coking during crude oil refining, CPC is a versatile fuel used in numerous industrial applications, including cement, power and steel. CPC is also a cost-effective alternative to coal, and can be used by refiners as a way to offset some energy costs.
The petroleum-coke market is volatile, and it is affected by a variety of factors. A sudden decline in energy prices, ocean freight rates, environmental concerns, and burgeoning supply from Middle East2 cokers have all impacted the market. The Argus pace Petroleum Coke Quarterly(c), (PCQ) provides crucial market intelligence that can be used to make strategic decisions for producers, marketers, traders and end users of green petcoke and calcined.
PCQ has been the trusted source of objective market analysis for the global petcoke industry since 1983 and is widely used to support purchasing, trading, and marketing decisions by domestic and international producers and consumers of fuel grade, anode grade and calcined petroleum coke. The PCQ service includes monthly Prices & Highlights reports, weekly Commodity Price Updates, and the calcined petroleum coke (CPC) market indices for fuel grade, anode grade, and green and calcined petcoke blend stock.
Argus CPC Live is the world's leading conference and exhibition for participants in the petroleum coke and carbon markets. It brings together refiners and producers, calciners, traders, shipping and logistics, coal, sulphur, aluminum, steel and battery markets for three days of networking and knowledge sharing.
Refiners have a shortage of fuel-grade calcined coke, due to lower oil refinery run rates because of the coronavirus pandemic. Traders and buyers agree that they have seen some offers of higher fuel-grade coke prices in the US Gulf, but they are not yet at levels high enough to trigger an increase in the Platts CPC assessment, which currently stands at $230-$245/mt FOB Gulf ports with max 3% sulfur and 300-400 ppm vanadium.
CPC is a highly consolidated market with 80% of US fuel petcoke going to China and Japan. The market in the rest of Asia is smaller and more volatile because of a combination of less attractive pricing, the need for covered storage, and the impact of short-term supply disruptions from weather or other events. The Chinese market and the Japanese market are largely cash businesses which limits their capacity to absorb price volatility. The rest is a diverse market, which offers opportunities to those who manage risks in pricing, supply chain, and transport. These emerging markets will drive growth in the near-term for anode-grade calcined petrol coke used in Hall-Heroult aluminium smelting due to its low impurity level and availability. This is an excellent opportunity for suppliers to diversify their client base. Anode bakers want stable and consistent pricing, as well as a reliable source of quality coke.
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