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The Pet Coke market accepted a cautiously firmer tone during the end of September to early October 2025 as regional gains in China and South Korea offset generally stable benchmarks in the US Gulf and Russia. Weaker crude oil prices, encouraged by OPEC+鈥檚 commitment to increase output and Kurdish exports returning to the market, had diminished cost pressure at the upstream level and provided a stable trading backdrop. Refiners in China strengthened Pet Coke prices ahead of Golden Week holiday based on firm port shipments and solid demand for sponge coke, extending a peaking 12-week bullish trend for the region. South Korea continued to add regional momentum, with sustained demand for graphite-anodes and a balanced production-to-import mix generating steady spot activity. As for the US and Russia, they remained steady amid stable trade flows and negligible disruptions. Overall, the Pet Coke complex is balancing regional bullishness with neutral floating price benchmarks. Post-holiday restocking and steady demand in downstream may result in the market staying firm-to-stable in the near term.