Asia petroleum coke market continues to experience a long-term downtrend due to weak demand from aluminum and graphite markets, while supply has remained stable within the market. Port congestion, environmental controls and delays due to storms have resulted in a lantern on logistics operations, yet it has not improved the market鈥檚 sentiment.
Key Highlights聽
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Calcined Petroleum Coke Ex-Shanghai dropped to USD ***/MT by end of August ****.
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Aluminum and graphite sectors maintained minimal procurement, keeping Petroleum Coke downstream activity subdued.
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Port congestion, storm delays, and environmental curbs strained supply but failed to lift Petroleum Coke market sentiment.
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Crude oil prices weakened due to OPEC+ production stance and easing geopolitical tensions, pressuring Petroleum Coke costs.
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August saw early price gains of Petroleum Coke from low inventories and strong transactions, followed by mid-month softening.
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Globally, European Petroleum Coke faced stagnant prices amid tariffs and logistics issues, while U.S. prices held firm despite rising inventories.
In China&#**;s Petroleum Coke downstream sector, the aluminum sector has nearly hit the ceiling production of **.*** million tons. Domestic aluminum continues to consume Petroleum Coke strongly. Some aluminum producers experienced a falling...
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