Petroleum Coke pricing Trend and Forecast

The Petroleum Coke Pricing in the American market for the first quarter of 2022 traded around USD 736/MT during Q1 of 2022. The rise of the prices can be traced to the ban on Russian oil by the US and EU. Unlike Europe, the United States do not depend on Russia for their oil. However, the increased demand for Pet coke in Europe puts pressure on American exports and contributing to the increase in price of pet coke in America. The nuclear deal with Iran deepened the limitation of upstream crude oil supply to America from the OPEC countries which led to rising price of PET coke in the American market during Q1 of 2022.

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