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Petroleum Coke Price Trend and Forecast

⟳ Weekly Update
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Historical Data Since 2015
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Forecast for 2026

petroleum coke Markets Covered:

usUnited States
cnChina
inIndia
auAustralia
aeUnited Arab Emirates
mxMexico
jpJapan
brBrazil

Global petroleum coke Price Trend, Analysis and Forecast​

Moving into Q1 2025, the Petroleum Coke market showed signs of recovery in the USA, driven by a resurgence in industrial demand and renewed consumption from the power and cement industries. In FOB Houston Non-Calcined Petroleum Coke (4.5% Sulphur) prices rose significantly to $78 USD/MT, marking an increase of 30.33% from Q4 2024. Similarly, Non-Calcined Petroleum Coke (6.5% Sulphur) prices surged to $73.67 USD/MT, up by 34.19% from Q4. This recovery was supported by stronger market sentiment and increased procurement ahead of anticipated supply fluctuations. In China, Calcined Petroleum Coke prices continued their upward trend, reaching $340 USD/MT, an increase of 4.29% from Q4 2024, driven by robust demand from the aluminium and steel sectors, as well as stable production rates. 

Petroleum CokeTrend Analysis: Q2 2025

Moving into Q1 2025, the Petroleum Coke market showed signs of recovery in the USA, driven by a resurgence in industrial demand and renewed consumption from the power and cement industries. In FOB Houston Non-Calcined Petroleum Coke (4.5% Sulphur) prices rose significantly to $78 USD/MT, marking an increase of 30.33% from Q4 2024. Similarly, Non-Calcined Petroleum Coke (6.5% Sulphur) prices surged to $73.67 USD/MT, up by 34.19% from Q4. This recovery was supported by stronger market sentiment and increased procurement ahead of anticipated supply fluctuations. In China, Calcined Petroleum Coke prices continued their upward trend, reaching $340 USD/MT, an increase of 4.29% from Q4 2024, driven by robust demand from the aluminium and steel sectors, as well as stable production rates. 

Moving into Q1 2025, Pet coke prices in India saw a modest recovery, reaching $152/MT in Ex-Jamnagar, though still reflecting a 17.83% decline compared to Q4. The price improvement was supported by increased seasonal demand from the cement and power generation sectors, which typically pick up after the winter lull. Refineries operated at consistent capacity, but lower inventory levels from the previous quarter helped stabilize the market. Export inquiries also slightly picked up, lending some support to domestic sentiment, though buyers remained cautious amid ongoing volatility in global energy and freight markets. 

Petroleum Coke Trend Analysis: Q4 2024

In Q4 2024, the Petroleum Coke market in the USA saw a more pronounced decline in prices. In FOB Houston Non-Calcined Petroleum Coke (4.5% Sulphur) reported at $59.85 USD/MT, marking a substantial decrease of -15.18% from Q3. The Non-Calcined Petroleum Coke (6.5% Sulphur) was priced at $54.90 USD/MT, showing a significant decrease of -16.17% from Q3. This trend was driven by a downturn in industrial activities and seasonal fluctuations impacting demand. On the other hand, the Chinese market saw a rebound in Calcined Petroleum Coke prices, which rose to $326 USD/MT, an increase of 12.73% from Q3. This price rise in China was primarily due to higher demand from the aluminium industry and improved downstream activities, boosting the market sentiment. 

In Q4 2024, the market witnessed a particular correction, with Pet coke prices falling sharply to $129/MT in Ex-Jamnagar, reflecting a 14.00% decline from Q3. Although the festive season usually drives up consumption in sectors like steel and construction, the recovery demand was weaker than expected. Decreasing in the products present in the market, limited exports, and a lag in infrastructure activity post-monsoon contributed to the downward price trend. Additionally, subdued global energy prices and continued imports of fuel-grade Pet coke added further downward pressure on the domestic market. 

In Q3 2024, the Petroleum Coke market in the USA showed a continued trend of stabilization. In FOB Houston, Non-Calcined Petroleum Coke (4.5% Sulphur) was priced at $70.56 USD/MT, registering a decrease of -4.30% from Q2. Similarly, Non-Calcined Petroleum Coke (6.5% Sulphur) prices slightly decreased to $65.49 USD/MT, down by -2.30% from Q2. This decline was influenced by continued moderate demand from industrial sectors, including cement and power generation, while an abundant supply kept the market balanced. Meanwhile, in China, Calcined Petroleum Coke prices dropped to $317.33 USD/MT, reflecting a decrease of -5.84% from Q2. This decline in China was driven by a cautious purchasing approach from downstream industries and a preference for securing cheaper alternatives. 

By Q3 2024, Pet coke prices in India further stabilized, dropping to $150/MT in Ex-Jamnagar, marking a 2.60% decline from Q2. The monsoon season typically slows construction and infrastructure projects, directly affecting demand from the cement industry — one of the major consumers of Pet coke. Moreover, consistent domestic production from Indian refiners and availability of imported cargoes led to an abundant supply in the market. Buyers exercised caution in procurement, anticipating further price adjustments post-monsoon, keeping the trading volume moderate. 

In Q2 2024, the Petroleum Coke market continued to show a stabilized trend, particularly in the USA and China. In the USA, FOB Houston prices for Non-Calcined Petroleum Coke (4.5% Sulphur) fell to $73.73 USD/MT, marking a significant decrease of -23.01% from Q1. The Non-Calcined Petroleum Coke (6.5% Sulphur) prices remained relatively stable at $66.84 USD/MT, witnessing a minor decrease of -3.06% from Q1. This decline in the USA was driven by a combination of lower domestic demand and continued supply chain stability, leading to consistent availability in the market. In China, Calcined Petroleum Coke prices reported at $337 USD/MT reflected a slight decrease of -0.79% from Q1. The Chinese market remained stable as local demand stayed moderate, balancing out the available supply. 

In Q2 2024, Pet coke prices in India continued a downward path, averaging $154/MT in Ex- Jamnagar, showing a 2.53% decline from Q1. This was largely driven by reduced procurement from large-scale industrial users who shifted temporarily toward alternative fuels due to cost-efficiency strategies. Furthermore, the influx of high sulfur imported Pet coke from the US and Middle East added pressure to local prices. Increased availability of domestic Pet coke, along with stable output from key refining hubs like Jamnagar, kept the market well-supplied, allowing buyers to negotiate lower rates. 

In Q1 2024, the global Petroleum Coke (Pet coke) market experienced a stabilized trend driven by multiple factors, particularly in major regions like the USA, China, and India. In the FOB Houston, prices for Non-Calcined Petroleum Coke (4.5% Sulphur) reported at $95.76 USD/MT, showing a slight decrease of -3.79% from the previous quarter. Meanwhile, Non-Calcined Petroleum Coke (6.5% Sulphur) prices stood at $66.84 USD/MT, experiencing a more significant decrease of -25.90% from the previous quarter. The decline in prices in the USA can be attributed to abundant supply and lower demand from key industrial sectors. Additionally, the reduced consumption from the power and cement industries added pressure on the market. In China, Calcined Petroleum Coke prices were recorded at $339.67 USD/MT, showing a stabilized trend with a slight decrease of -2.49% from the previous quarter. The Chinese market saw this decline mainly due to slowing industrial output and a temporary dip in demand from the aluminium and steel sectors. 

In Q1 2024, the Indian Petroleum Coke (Pet coke) market witnessed a slight stabilization in prices, with values reported at $158/MT in Ex-Jamnagar, reflecting a 1.86% decline from the previous quarter. The dip was mainly due to lower demand from cement and power generation sectors, which were impacted by seasonal slowdown in infrastructure activity. Additionally, consistent domestic refinery output and subdued import activity kept supply levels adequate, preventing any upward movement in prices. On the global front, limited fluctuations in crude oil and refining margins kept international Pet coke sentiment neutral, which also contributed to the softened pricing in India. 

petroleum coke Parameters Covered: 

  • Delayed coking unit 
  • China
  • USA
  • Graphitized Petroleum Coke
  • Carbon Black
  • Petroleum Coke in Asphalt
  • Electrodes (Graphite)
  • Briquettes and Sintering
  • Australia
  • United Arab Emirates
  • Brazil
  • Japan
  • Mexico

Historically, several events have caused significant fluctuations in Petroleum Coke prices

  • Market Challenges (2023-2024): Geopolitical tensions in 2023 disrupted Petroleum Coke supply chains, causing price spikes, but by 2024, a global economic slowdown led to reduced demand and oversupply, driving prices down. 
  • COVID-19 Impact & Recovery (2020-2022): The pandemic caused a sharp decline in Petroleum Coke demand due to lockdowns, but as industries recovered in 2022, demand rebounded, driving prices up despite lingering supply challenges. 
  • Trade Tensions (2018-2019): Between 2018 and 2019, escalating trade tensions, especially between major economies like the U.S. and China, introduced uncertainties in the global market. These tensions disrupted supply chains and affected the demand-supply balance of Petroleum Coke, leading to price volatility. 
  • Shale Oil Boom (2015-2017): The mid-2010s witnessed a surge in shale oil production, particularly in the United States. This boom led to an oversupply of light crude, subsequently increasing Petroleum Coke production. The heightened supply, coupled with relatively stable demand, resulted in a decline in Petroleum Coke prices during this period. 


These events highlight the Petroleum Coke market’s sensitivity to global economic conditions, geopolitical developments, and supply-demand dynamics. Continuous monitoring of these factors is essential for stakeholders to navigate the market effectively 

Specifications

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Historically, several events have caused significant fluctuations in Petroleum Coke prices

  • Market Challenges (2023-2024): Geopolitical tensions in 2023 disrupted Petroleum Coke supply chains, causing price spikes, but by 2024, a global economic slowdown led to reduced demand and oversupply, driving prices down. 
  • COVID-19 Impact & Recovery (2020-2022): The pandemic caused a sharp decline in Petroleum Coke demand due to lockdowns, but as industries recovered in 2022, demand rebounded, driving prices up despite lingering supply challenges. 
  • Trade Tensions (2018-2019): Between 2018 and 2019, escalating trade tensions, especially between major economies like the U.S. and China, introduced uncertainties in the global market. These tensions disrupted supply chains and affected the demand-supply balance of Petroleum Coke, leading to price volatility. 
  • Shale Oil Boom (2015-2017): The mid-2010s witnessed a surge in shale oil production, particularly in the United States. This boom led to an oversupply of light crude, subsequently increasing Petroleum Coke production. The heightened supply, coupled with relatively stable demand, resulted in a decline in Petroleum Coke prices during this period. 


These events highlight the Petroleum Coke market’s sensitivity to global economic conditions, geopolitical developments, and supply-demand dynamics. Continuous monitoring of these factors is essential for stakeholders to navigate the market effectively 

Why PriceWatch?

PriceWatch is your trusted resource for tracking global petroleum coke price trends. Our platform delivers real-time data and expert analysis, offering deep insights into the key factors driving price fluctuations in the petroleum coke market. By monitoring critical events such as geopolitical tensions, supply chain disruptions, and economic shifts, PriceWatch keeps you fully informed of market dynamics.

In addition, PriceWatch provides detailed forecasts and updates on production capacities, enabling you to anticipate market changes and make well-informed decisions. With PriceWatch, you gain a competitive edge in understanding all the elements that influence petroleum coke prices worldwide. Stay ahead of the curve with PriceWatch’s reliable, accurate, and timely petroleum coke market data.

Track PriceWatch's petroleum coke price assessment on a weekly basis since 2015 onwards, along with short-term forecasts, and get access to the detailed report in a downloadable format.

Data Collection and Sources​

  • Real-Time Market Data: PriceWatch aggregates real-time pricing data from various sources, including global commodity exchanges, industry reports, and proprietary databases. This ensures that our assessments reflect the most current market conditions for Petroleum Coke. 
  • On-the-Ground Intelligence: Our team gathers insights directly from key market participants, including producers, suppliers, traders, and end-users, across major Petroleum Coke production hubs. This ground-level intelligence is crucial for understanding localized market dynamics. 
  • Supply Chain Monitoring: We track the entire Petroleum Coke supply chain, from rubber tree cultivation and tapping to processing and distribution. This includes monitoring raw material availability, production capacities, and logistics. 

Event Tracking and Impact Analysis​

  • Weather Events and Crop Conditions: PriceWatch monitors the impact of weather conditions, such as droughts or heavy rainfall, which can affect rubber tree yields and supply. These factors are crucial for predicting fluctuations in Petroleum Coke availability and pricing. 
  • Geopolitical Developments: We assess how geopolitical factors, such as trade policies and regional conflicts, impact Petroleum Coke production and trade. These developments can influence supply chain stability and market pricing. 
  • Economic and Trade Shifts: Our analysis includes macroeconomic trends, such as global economic growth and trade agreements, which can affect Petroleum Coke demand and pricing across different regions. 

Production Capacity and Supply Analysis

  • Current Production Monitoring: We maintain a comprehensive database of global Petroleum Coke production facilities, tracking their operational status, maintenance schedules, and output levels. This allows us to accurately assess current supply availability. 
  • Future Capacity Projections: Our research includes detailed forecasts of upcoming Petroleum Coke production capacities, considering new plantation developments, expansions, and technological advancements. This helps in predicting future supply trends and potential price stability. 

Demand Forecasting

  • Sectoral Demand Analysis: PriceWatch provides in-depth analysis of demand trends across key sectors, including automotive (tires), healthcare (gloves), and consumer goods. We track year-on-year demand growth and project future consumption patterns based on economic indicators and industry developments. 
  • Global Demand Dynamics: Our methodology considers regional demand variations and their influence on global Petroleum Coke pricing. This includes understanding the impact of shifts in manufacturing bases, trade policies, and environmental regulations. 

Pricing Model Development

  • Dynamic Pricing Models: PriceWatch utilizes advanced econometric models to forecast Petroleum Coke prices, incorporating real-time data, historical trends, and projected market conditions. Our models are continuously refined to enhance accuracy and predictive power. 
  • Scenario Analysis: We conduct scenario-based assessments to evaluate potential future market conditions. This includes best-case, worst-case, and most likely scenarios, helping our clients prepare for a range of market outcomes. 

Reporting and Client Support

  • Comprehensive Reports: Our clients receive detailed reports that include current price assessments, future price forecasts, and in-depth analysis of market drivers. These reports are designed to be actionable, providing clear insights and recommendations. 
  • Ongoing Support: PriceWatch offers continuous updates and personalized support to our clients, ensuring they have the most up-to-date information to make informed decisions. Our experts are available to discuss specific market developments and provide tailored advice. 

This research methodology ensures that PriceWatch delivers the most accurate, timely, and actionable Petroleum Coke pricing assessments, helping our clients stay ahead of market trends and make informed business decisions. 

Petroleum Coke price provided by PriceWatch is a base price and excludes VAT/Taxes, discounts, or offers. The information herein is accurate to the best of our knowledge as of the date indicated and is provided solely for the convenience of our customers as a reference for petroleum coke. PriceWatch disclaims any warranties or representations regarding the accuracy of results derived from this information. It is the sole responsibility of the user to assess the suitability of the product for their specific application. This document does not constitute an endorsement to use the product in violation of any applicable patent rights.

The pricing of Petroleum Coke depends on multiple factors, including crude oil price fluctuations, refinery production rates, and global supply-demand dynamics. Additionally, sulfur content plays a significant role, with lower-sulfur Petroleum Coke typically commanding higher prices due to its broader industrial applications. Transportation costs, environmental regulations, and geopolitical events also impact price volatility.

Higher sulfur content generally leads to lower prices, as Non-Calcined Petroleum Coke with high sulfur levels (6.5%) has limited applications and is subject to stricter environmental regulations. On the other hand, lower sulfur grades (4.5% and 5%) are preferred in industries like aluminum, steel, and cement, leading to higher demand and premium pricing. Procurement teams must assess their specific application needs to balance cost and performance.

Petroleum Coke prices vary across regions due to factors like refinery capacity, local demand, export restrictions, and freight costs. For example, the Middle East and North America often offer competitive pricing due to abundant production, whereas Asia and Europe might face higher costs due to import reliance. Procurement teams can optimize sourcing strategies by analyzing regional price trends, securing long-term contracts, and considering alternative suppliers to mitigate price fluctuations.

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