Petroleum Coke Price In The Past Six Months

According to the observation of Hainan West Asia Import and Export Group, in the past six months, the price of petroleum coke has plummeted from a peak of $745/ton in May 2022 to $237/ton in March 2023, a drop of $508/ton, or 69%. , set a record for the short-term plunge of bulk chemicals, and is the product with the largest short-term decline since 2020. Due to the sharp drop in the price of petroleum coke, the supporting products related to petroleum coke also have an impact on the value transmission of the expressed industrial chain.

According to the data, petroleum coke is the vacuum residue of petroleum, which is black solid coke produced by pyrolysis and coking at 500-550°C through the coking unit. It is generally considered to be an amorphous carbon body, or a highly aromatized polymer carbide containing acicular or granular carbon bodies with tiny graphite crystals.

Petroleum coke is a by-product of the petroleum refining process, and is the main product of the coking unit in the refining industry chain. It is mainly used as fuel combustion in the downstream, and can also be used as a carbon source supplement in the electrolytic aluminum processing process. There are many directions of application.

The price of petroleum coke has fallen sharply in the past six months. Due to the short period of time and the deep drop, it has been highly concerned by people in the industry. According to relevant data, on May 10, 2022, the national average price of petroleum coke will be $745/ton, with the highest price exceeding $801/ton in some areas and the lowest price around $713/ton. By the beginning of April 2023, the national average price of petcoke in China has dropped to $237/ton, and some regions have reached about $218/ton. In the past eight months, the price of petcoke in China has dropped by more than $524/ton, a cumulative drop of 69%.

Request a Quote

We receive enquiries in English, Español (Spanish), Français (French) and العربية (Arabic).Our professional team will reply to you within one business day.Please feel free to contact us!