For the Quarter Ending March 2026
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Petroleum Coke Prices in North America
- In the USA, the Petroleum Coke Price Index rose by 17.39% quarter-over-quarter, reflecting stronger export demand.
- The average Petroleum Coke price for the quarter was approximately USD 679.67/MT, reflecting USGC observations.
- Tight export liftings drove the Petroleum Coke Spot Price higher despite domestic buying and logistical frictions.
- Short-term Petroleum Coke Price Forecast indicates moderate easing as inventories accumulate and Asian demand cools seasonally.
- Weakening crude support softened the Petroleum Coke Production Cost Trend, lowering marginal seller cost floors regionally.
- Cautious procurement and seasonal adjustments shaped the Petroleum Coke Demand Outlook for export and domestic users.
- Elevated refinery run rates pressured the Petroleum Coke Price Index despite reduced downstream consumption and higher inventories.
- Startup of a new Texas coker increased tonnes while exporters managed offers amid insurance volatility.
Why did the price of Petroleum Coke change in June 2026 in North America?
- High Gulf Coast refinery runs increased production, boosting inventories and alleviating immediate supply tightness pressure.
- Weaker export enquiries from Asia and Latin America reduced upward pressure, prompting cautious supplier offers.
- Softer crude-linked feedstock costs and fluctuating insurance premiums compressed production cost support for sellers thereby.
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Petroleum Coke Prices in APAC
- In South Korea, the Petroleum Coke Price Index rose by 5.17% quarter-over-quarter, driven by freight.
- The average Petroleum Coke price for the quarter was approximately USD 677.67/MT, reflecting import dynamics.
- Petroleum Coke Spot Price softened as terminal inventories remained adequate and importers delayed purchases further.
- Petroleum Coke Price Forecast signals volatility as freight premiums and Middle East risks influence offers.
- Petroleum Coke Production Cost Trend eased as softer crude reduced costs despite elevated freight premiums.
- Petroleum Coke Demand Outlook remains mixed with anode plants supporting demand but cement sector subdued.
- Refinery maintenance plus USGC availability influenced the Petroleum Coke Price Index and export flows regionally.
- Distributor inventories remained adequate, limiting immediate rallies while sellers adjusted offers for shipping and insurance.
Why did the price of Petroleum Coke change in June 2026 in APAC?
- Ample low-sulphur cargo arrivals from major exporters increased supply, outweighing domestic buying, pressuring offers lower.
- Soft industrial demand from aluminum and cement sectors reduced offtake, weakening spot procurement urgency considerably.
- Freight and insurance premiums rose, but logistics increases failed to offset surplus supply pressures regionally.
China
- In China, the Petroleum Coke Price Index rose by 5.47% quarter-over-quarter, driven by tighter import availability.
- Domestic Petroleum Coke Spot Price softened as Price Index reflected weaker downstream purchasing and supply.
India
- In India, the Petroleum Coke Price Index rose by 23.16% quarter-over-quarter, driven by tighter imports and stronger demand.
- Domestic Petroleum Coke Spot Price remained firm while the Price Index reflected continued upward pressure from constrained supply.
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Petroleum Coke Prices in Europe
- In Germany, the Petroleum Coke Price Index rose by 3.58% quarter-over-quarter, reflecting tighter seaborne supply.
- The average Petroleum Coke price for the quarter was approximately USD 443.33/MT, reported CIF Hamburg.
- Petroleum Coke Spot Price showed volatility from prompt cargo availability and fluctuating container freight differentials.
- Petroleum Coke Price Forecast remains cautious as inventories balance against export disruptions and demand uncertainty.
- Petroleum Coke Production Cost Trend reflected higher insurance and freight premiums, offset by stable crude.
- Petroleum Coke Demand Outlook softened as German cement and electrode demand weakened, prompting reduced purchasing.
- Petroleum Coke Price Index weakened in June after a sharp drop and softer energy fundamentals.
- ARA inventory and Atlantic exports kept offers competitive, constraining upside for German CFR Petroleum Coke.
Why did the price of Petroleum Coke change in June 2026 in Europe?
- Sustained import availability and sufficient inventories reduced tightness despite regional supply-route disruptions and insurance premia.
- Weaker industrial demand and procurement from cement and electrode sectors pressured spot values, reducing momentum.
- Escalating freight and war-risk costs elevated landed costs, tightening prompt supply and creating upward pressure.
Netherlands
- In the Netherlands, the Petroleum Coke Price Index rose by 3.40% quarter-over-quarter, due to maintenance
- Port inventories stayed ample, keeping Petroleum Coke Spot Price pressured despite nearby kiln demand improvements
UK (United Kingdom)
- In the UK, the Petroleum Coke Price Index rose by 3.72% quarter-over-quarter, reflecting crude costs.
- Petroleum Coke Spot Price weakened in June as ample imports and softer Brent pressured Liverpool.
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Petroleum Coke Prices in South America
- In Brazil, the Petroleum Coke Price Index rose by 14.35% quarter-over-quarter, driven by tighter seaborne availability.
- The average Petroleum Coke price for the quarter was approximately USD 706.67/MT, reflecting steady import parity.
- Tight prompt supply kept the Petroleum Coke Spot Price elevated, supporting the local Price Index momentum.
- The Petroleum Coke Price Forecast indicates mild volatility as geopolitical risks and freight premiums influence importer pricing decisions.
- Stable crude costs limited upstream pressure, keeping the Petroleum Coke Production Cost Trend relatively muted despite freight swings.
- Petroleum Coke Demand Outlook remains steady with cement kilns and anode producers maintaining cautious, need-based procurement.
- High import flows and comfortable terminal inventories constrained upside in the Petroleum Coke Price Index during late May and June.
- Supplier discipline and Gulf-origin cargo diversions intermittently supported seller pricing power, moderating Petroleum Coke spot volatility for buyers.
Why did the price of Petroleum Coke change in June 2026 in South America?
- Eased seaborne freight and robust import arrivals raised supply, pressuring domestic availability and downward price momentum.
- Softer crude and lower feedstock pressure reduced upstream costs, allowing suppliers to ease offers to buyers.
- Downstream demand softened as cement and metals procurement remained cautious, limiting immediate restocking and price support.
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For the Quarter Ending March 2026
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Petroleum Coke Prices in听North America
- In the USA, the Petroleum Coke Price Index rose by 8.2% quarter-over-quarter, amid supply disruptions.
- The average Petroleum Coke price for the quarter was approximately USD 66.33/MT FOB USGC basis.
- Petroleum Coke Spot Price firmed as export nominations rose and the Price Index tightened promptly.
- Petroleum Coke Price Forecast turns firmer as Production Cost Trend rises due to handling costs.
- Petroleum Coke Demand Outlook shows steady cement and aluminium offtake, supporting a firmer Price Index.
- Inventory draws at Houston terminals and strong export nominations constrained prompt supply, lifting Price Index.
- River outages, winter icing and surcharges exacerbated delivery constraints, pressuring the Petroleum Coke Spot Price.
- Maintenance, sanctions and delayed start-ups reshaped feedstock availability, influencing Production Cost Trend and export economics.
Why did the price of Petroleum Coke change in March 2026 in North America?
- Refinery outages and coker shutdowns reduced Gulf Coast output, directly tightening prompt petroleum coke supply.
- Sanctions and antidumping probes discouraged imports, limiting replacement cargoes and elevating regional Price Index pressures.
- Stronger Asian seaborne cement demand and inland logistics bottlenecks amplified prompt tightness, firming regional prices.
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Petroleum Coke Prices in听APAC
- In South Korea, the Petroleum Coke Price Index rose by 9.27% quarter-over-quarter, tightening seaborne supply.
- The average Petroleum Coke price for the quarter was approximately USD 644.33/MT based on assessments.
- Petroleum Coke Spot Price firmed as low-sulphur cargo scarcity and higher freight lifted landed offers.
- Petroleum Coke Price Forecast projects near-term firmness driven by origin constraints and elevated crude-linked costs.
- Petroleum Coke Production Cost Trend rose with Brent above hundred dollars and higher insurance premiums.
- Petroleum Coke Demand Outlook supported by battery-anode expansions while cement and aluminium offtake remained steady.
- Petroleum Coke Price Index volatility reflected thinning inventories, exporter term allocations and the Daesan merger.
- Domestic refinery runs stayed stable, but export allocations tightened, sustaining seller confidence and spot pricing.
Why did the price of Petroleum Coke change in March 2026 in APAC?
- Seaborne supply tightened from Strait of Hormuz disruptions and Daesan merger reducing delayed-coker feed availability.
- Higher Brent crude and rising freight plus insurance premiums elevated landed costs and pressured margins.
- Winter construction lull and emission levies reduced cement-sector demand, partially offsetting robust battery-grade uptake growth.
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Petroleum Coke Prices in听Europe
- In Germany, the Petroleum Coke Price Index rose by 1.90% quarter-over-quarter, reflecting firm import premiums.
- The average Petroleum Coke price for the quarter was approximately USD 428.00/MT, reflecting stable import and domestic demand balance.
- Stable import arrivals kept the Petroleum Coke Spot Price supported despite muted domestic refinery contribution.
- Logistics delays and elevated ocean freight underpinned the Petroleum Coke Price Forecast for near-term firmness.
- Lower crude-related feedstock costs moderated the Petroleum Coke Production Cost Trend, limiting upward pressure on sellers.
- Steady clinker production sustained the Petroleum Coke Demand Outlook, preventing downward deviation from baseline levels.
- Inventory levels at Hamburg remained comfortable, keeping the Petroleum Coke Price Index range-bound through March.
- Sentiment-driven buying pushed offers higher, amplifying small supply hiccups and tightening prompt availability marginally in Hamburg market.
- Contractual allocations and steady refinery runs constrained abrupt volatility, supporting orderly market functioning during quarter.
Why did the price of Petroleum Coke change in March 2026 in Europe?
- Steady US Gulf and Colombian imports tightened prompt availability amid modest rescheduling of cargo arrivals.
- Balanced cement and electrode demand absorbed volumes while freight and sentiment lifted spot premiums slightly.
- Stable refinery output and comfortable Hamburg inventories prevented a larger price move despite firmer offers.
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Petroleum Coke Prices in听South America
- In Brazil, the Petroleum Coke Price Index rose by 5.42% quarter-over-quarter, constrained domestic refinery output.
- The average Petroleum Coke price for the quarter was USD 97.33/MT, based on CFR Santos assessments.
- Tight berth scheduling and vessel bunching lifted the Petroleum Coke Spot Price, tightening prompt tonnage.
- Ongoing REDUC coking outages reduced domestic supply, pushing the Petroleum Coke Price Index higher.
- Rising crude and freight increased refinery cash costs, affecting the Petroleum Coke Production Cost Trend.
- Seasonally muted cement and aluminium buying softened offtake, tempering the short-term Petroleum Coke Demand Outlook.
- Forecasters expect range-bound movement; the Petroleum Coke Price Forecast depends on supplies and freight conditions.
- Comfortable import arrivals and stocks limited downside, though export demand could tighten the Price Index.
Why did the price of Petroleum Coke change in March 2026 in South America?
- Prompt vessel bunching at Santos reduced availability, tightening supply and supporting price firmness during March.
- Ongoing refinery coking outages cut domestic output, elevating import reliance and exerting upward price pressure.
- Muted downstream buying from cement and aluminium limited absorption, causing supply shifts to influence prices.
For the Quarter Ending December 2025
North America
- In the USA, the Petroleum Coke Price Index rose by 3.95% quarter-over-quarter, driven by exports.
- The average Petroleum Coke price for the quarter was approximately USD 61.33/MT, reflecting regional dynamics.
- Petroleum Coke Spot Price firmed mid-quarter as export competition increased while domestic inventories stayed adequate.
- Petroleum Coke Price Forecast indicates modest near-term upside from export demand and Price Index stability.
- Petroleum Coke Production Cost Trend eased as gas prices fell, enabling calciners to trim offers.
- Petroleum Coke Demand Outlook balanced; Asian tendering offsets weaker domestic fuel-burn, keeping Price Index range-bound.
- Petroleum Coke Price Index showed holiday volatility as thin trading and logistics constraints reduced liquidity.
- Major US Gulf Coast calciners ran high utilization, supporting exports and limiting domestic spot surplus.
Why did the price of Petroleum Coke change in December 2025 in North America?
- Export enquiries from India and China offset weaker US burn in December, stabilizing FOB prices.
- Lower natural gas and residual fuel costs reduced calcination expenses, enabling sellers to trim offers.
- Holiday-thinned trading and end-year logistics constrained liquidity, prompting sporadic seller discounting and price weakness briefly.
APAC
- In South Korea, the Petroleum Coke Price Index rose by 9.54% quarter-over-quarter, driven by imports.
- The average Petroleum Coke price for the quarter was approximately USD 589.67/MT, reflecting CFR Busan.
- Supply disruptions and Ulsan outage tightened availability, boosting Petroleum Coke Spot Price and seller leverage.
- Port efficiency and freight moves will influence near-term Petroleum Coke Price Forecast for CFR Busan.
- Eased crude residues reduced input costs, affecting the Petroleum Coke Production Cost Trend across calciners.
- Robust battery anode demand and industrial runs underpin the Petroleum Coke Demand Outlook despite seasonality.
- Inventory drawdowns and selective exporter allocations supported the Petroleum Coke Price Index, firming CFR offers.
- Import reliance with 60 percent domestic output keeps market sensitive to seaborne flows and exporters.
Why did the price of Petroleum Coke change in December 2025 in APAC?
- U.S. sanctions tightened fuel-grade cargoes, reducing available seaborne volumes and firming CIF offers to buyers.
- Battery-material capacity expansion increased calcined coke demand, drawing prompt cargoes and tightening Busan prompt availability.
- Seasonal cement slowdown moderated restocking, while steady imports and port efficiency kept immediate pressure balanced.
Europe
- In Germany, the Petroleum Coke Price Index rose by 0.4% quarter-over-quarter, reflecting supply and industrial demand.
- The average Petroleum Coke price for the quarter was approximately USD 420.00/MT, per CFR Hamburg market reporting.
- Balanced imports and port operations kept the Petroleum Coke Spot Price contained despite Petroleum Coke Production Cost Trend increases.
- Domestic consumption resilience underpinned the Petroleum Coke Demand Outlook, supporting the Petroleum Coke Price Index despite softer construction activity.
- Short-term Petroleum Coke Price Forecast indicates range-bound movement as terminal inventories remain comfortable and freight tightens.
- Crude price dynamics influence the Petroleum Coke Production Cost Trend, though landed CFR components moderated by freight easing.
- Export flows from Gulf and Colombia helped stabilise the Petroleum Coke Price Index and spot availability at Hamburg.
- Rail disruptions and terminal congestion can tighten supply and lift the Petroleum Coke Price Index in localized episodes.
Why did the price of Petroleum Coke change in December 2025 in Europe?
- Improved seaborne arrivals and navigable Rhine water kept imports steady, moderating landed cost pressure for German buyers.
- Firm clinker burn and steady heavy industry demand supported offtake despite modest crude softening in December.
- Port operations stability and adequate terminal inventories limited supply shocks while freight remained slightly elevated.
South America
- In Brazil, the Petroleum Coke Price Index rose by 2.98% quarter-over-quarter, reflecting stronger US supply.
- The average Petroleum Coke price for the quarter was approximately USD 588.00/MT, reflecting import parity dynamics.
- Petroleum Coke Spot Price remained range-bound amid steady freight and ample US-origin import availability flows.
- Petroleum Coke Price Forecast models show modest oscillations, with occasional downward adjustments from excess inventories.
- Petroleum Coke Production Cost Trend stayed stable as refinery output and freight influenced landed costs.
- Petroleum Coke Demand Outlook remains neutral, supported by cement and metals but limited by inventories.
- Petroleum Coke Price Index responded to US export offers and freight stability, capping significant upside.
- Import terminal inventories at Santos provided five weeks cover, reducing prompt tightening and limiting rallies.
Why did the price of Petroleum Coke change in December 2025 in South America?
- Improved U.S. import arrivals and stable freight increased landed availability, easing prompt market tightness pressure.
- Domestic industrial demand remained steady but inventory builds reduced urgency, limiting seller pricing power significantly.
- Panama Canal transit delays raised freight premiums, but port operations remained smooth, muting cost pass-through.
For the Quarter Ending September 2025
North America
- In the USA, the Petroleum Coke Price Index fell by 12.8% quarter-over-quarter, reflecting weak exports.
- The average Petroleum Coke price for the quarter was USD 59.00/MT, anchored by Gulf netbacks.
- Petroleum Coke Spot Price remained volatile as Gulf Coast loadings and freight influenced short-term assessments.
- Petroleum Coke Price Forecast suggests recovery as constrained coke generation and firm aluminum demand persist.
- Petroleum Coke Production Cost Trend tightened as crude feedstock firmness raised calcination and handling costs.
- Petroleum Coke Demand Outlook remains steady for aluminum anodes, with cement and steel exports softer.
- Petroleum Coke Price Index reflected inventory builds, tariff uncertainty, and shifting refinery yields reducing output.
- Petroleum Coke Spot Price sensitivity to freight, hurricane risks and grade premia sustained price differentials.
Why did the price of Petroleum Coke change in September 2025 in North America?
- Export demand to India and Brazil tightened Gulf Coast availability, supporting upward pressure during quarter.
- Refinery yields lowered petcoke output as light crude runs reduced green coke generation, limiting supply.
- Inventory drawdowns at key terminals combined with freight dynamics and tariff uncertainty changed international competitiveness.
APAC
- In South Korea, the Petroleum Coke Price Index rose by 7.31% quarter-over-quarter, reflecting firmer demand.
- The average Petroleum Coke price for the quarter was approximately USD 577.67/MT, with modest fluctuations.
- Petroleum Coke Spot Price saw intramonth swings, pressured by ample imports yet supported by shortages.
- Petroleum Coke Price Forecast indicates modest upside risk into Q4 as inventories tighten slightly near-term.
- Petroleum Coke Production Cost Trend rose due to firmer crude and higher calcination energy costs.
- Petroleum Coke Demand Outlook remains stable, driven by aluminum anode demand and cement consumption domestically.
- Petroleum Coke Price Index fluctuations tracked Busan inventory draws, freight shifts and exporter pricing adjustments.
- China and UK supplier flows continued, but tariff and freight uncertainties could alter procurement economics.
Why did the price of Petroleum Coke change in September 2025 in APAC?
- A temporary restocking cycle in Korea drew inventories lower, tightening immediate busan availability and raising bids.
- Freight and logistics eased slightly but exporter price adjustments and selective premium grade shortages supported offers higher.
- Weaker downstream procurement weeks earlier left uneven demand; recent balanced inflows reversed that, sustaining the late-September rally.
Europe
- In Germany, the Petroleum Coke Price Index rose by 3.55% quarter-over-quarter, driven by tight imports and logistics.
- The average Petroleum Coke price for the quarter was approximately USD 418.33/MT, reflecting CFR Hamburg constraints and buying
- Petroleum Coke Spot Price remained range-bound as Hamburg congestion and freight volatility supported broader Price Index stability.
- Petroleum Coke Price Forecast models indicate modest upside risk from sustained feedstock pressure and constrained import availability.
- Petroleum Coke Production Cost Trend reflects upstream crude and calciner energy costs, keeping offers firm despite muted demand.
- Petroleum Coke Demand Outlook remains steady from aluminum anode and electrode users, while steel activity exerts downward pressure.
- Price Index movements were cushioned by adequate inventories, yet export demand and rail disruptions intermittently tightened prompt supplies.
Why did the price of Petroleum Coke change in September 2025 in Europe?
- Hamburg port congestion, rail disruptions and berth closures restricted throughput, tightening prompt supply, supporting CFR.
- Steady aluminum anode and electrode demand sustained uptake despite weaker steel sector, tempering downward pressure.
- Upstream feedstock and freight firmness, plus tariff uncertainty, elevated landed costs and discouraged speculative buying.
South America
- In Brazil, the Petroleum Coke Price Index fell by 8.78% quarter-over-quarter, driven by tighter imports.
- The average Petroleum Coke price for the quarter was approximately USD 90.00/MT, reflecting mixed flows, contract volumes.
- Petroleum Coke Spot Price saw volatility as CFR Santos supply balanced burn, supporting Price Index.
- Petroleum Coke Demand Outlook firm from aluminum and cement, underpinning imports and Price Index resilience.
- Petroleum Coke Production Cost Trend tracked crude and freight, elevating calcination costs, pressuring Price Index.
- Petroleum Coke Price Forecast indicates near-term stability, upside risk if kiln demand and imports tighten.
- Moderate bonded warehouse inventories absorbed shipments, while export allocations and port queues influenced CFR offers.
- Domestic calciner utilization below optimal; tariff headlines elevated risk premia, tightening Petroleum Coke Spot Price.
Why did the price of Petroleum Coke change in September 2025 in South America?
- Robust cement kiln runs increased burn rates, tightening prompt availability and supporting higher CFR offers.
- Steady US-origin shipments maintained baseline supply, yet tariff uncertainty and BRL swings preserved risk premia.
- Crude-linked calcination and freight costs eased slightly, but import dependence kept landed costs pressured buyers.
