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Written by Beckett » Updated on: August 05th, 2024
Petroleum Coke Prices in USA
United States: 678 USD/MT (Calcinated Grade)
In Q4 2023, the price of feedstock in the United States reached 678 USD per metric ton.
The latest report by IMARC Group, titled "Petroleum coke Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of petroleum coke prices. This report delves into the globally, presenting a detailed analysis, along with informative price chart. Through comprehensive petroleum coke news, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
Petroleum Coke Prices December 2023:
Report Offering:
The study delves into the factors affecting petroleum coke price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
Request For a Sample Copy of the Report: https://www.imarcgroup.com/petroleum-coke-pricing-report/requestsample
Petroleum Coke Price Trend- Q4 2023
The growing use of petroleum coke in power generation is offering a favorable market outlook. Petroleum coke is an attractive fuel source due to its high energy content and relatively low cost compared to coal and natural gas. As developing countries continue to industrialize, the demand for cost-effective and efficient energy sources is rising. Petroleum coke is used as a fuel in cement kilns due to its high calorific value. The increasing construction activities in emerging economies are catalyzing the demand for cement, thereby driving the need for petroleum coke.
Additionally, the development of infrastructure projects worldwide is further propelling the growth of the market. Technological advancements in the refining process and the development of advanced coking technologies are enhancing the production efficiency of petroleum coke. Innovations in handling and transportation of petroleum coke are also improving its accessibility and distribution, thereby supporting the market growth. Companies are focusing on improving their production capacities and investing in research and development (R&D) to stay competitive in the market.
Petroleum Coke Industry Analysis
The prices of petroleum coke in the USA experienced a period of stability in demand during the Q4 of 2023. The increase in new inventories entering the industry kept the market strong during November. However, prices of petroleum coke remained stable during December, primarily due to the steady need from the downstream construction industry, which balanced against a moderate supply of the material within the country. The decline contributed to a more pronounced deterioration in operation situations within the goods-producing sector, marked by contractions in output, new orders, employment, and stocks for purchases.
In the Asia Pacific region, the prices of petroleum coke witnessed a stable scenario during Q4 2023. The market was impacted by a complex interplay of various economic indicators and global energy trends. The negative electrode market exhibited weakness, which contributed to the lack of support for the pricing of medium sulfur conventional calcined coke. The market for medium sulfur trace amount calcined coke remained steady, reflecting sustained demand. The market in South Korea observed moderate demand for calcinated petroleum coke while the supply remained stable, causing a bearish trend during October 2023.
The Brazilian petroleum coke market experienced commendable consistency in product supply during the fourth quarter of 2023. This ultimately facilitated smooth functions of business operations. The pricing dynamics of ground refined petroleum coke showed fluctuations, influenced by subdued downstream needs and moderate hoarding enthusiasm. This decline contributed to a more pronounced deterioration in operating conditions in the goods-producing sector, marked by a contraction in output, new orders, employment, and stocks of purchases.
In Europe the price trends of petroleum coke experienced an increment in October and November 2023 driven by a confluence of several factors. Overall, the consistent demand from downstream construction industry and tightening of tonnage supply played a primary role in supporting the price trend of the product. Additionally, a slight recovery in downstream construction pushed the prices upwards, despite a stable domestic supply.
Regional Price Analysis:
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
About Us:
IMARC is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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