Abstract
Overview
World production and consumption of petroleum coke is seeing a dynamic
increase in 2012. Oil refiners are pricing their petroleum coke products
aggressively against steam coal to maintain and win market share. Low shipping
freight costs are facilitating movement of petroleum coke across the world and
opening up new geographical markets.
Petroleum coke is a by-product that is torn by the demands of five giants (the
oil refining, electricity generation, cement, steel and aluminium industries),
that sometimes pull it in opposite directions. Oil refiners would like to
produce higher sulphur petroleum coke and use the coking process so that they
can maximise their refinery margins. The crude steel and aluminium industries
require higher purity, low sulphur cokes for the production of high quality
electrodes. The use of petroleum coke as a fuel in cement plants and
electricity generation provides a convenient outlet for fuel-grade petroleum
coke and is a useful alternative to steam coal for these energy users.
In early 2012, petroleum coke prices were relatively low (US$45/t spot prices
reported for exports from US ports) compared with 2011. US petroleum coke
exports, particularly those destined for China, were at record highs and
appear to be keeping prices down and international trade brisk. Roskill
examines future supply and demand trends particularly looking at the impact of
the controversial Keystone XL pipeline for American petroleum coke.
Get accurate answers from independent exports
- Asian petroleum coke markets: Where is the growth coming from?
- American petroleum coke producers: What are the implications of Obama's
decision on Keystone XL?
- What are the key drivers of demand worldwide?
- Where is new business growth?
- What supply projects are coming on stream worldwide and when?
Asia: Average value of imports of uncalcined petroleum coke
from US Gulf States (US$/t)
About Roskill
Roskill has been a leader in international metals and minerals research since
starting life as one of the UK's first management consultancies in 1930. Since
the first Roskill Reports were published in 1970, our list of publications has
grown to over 75 market reports, databooks and newsletters.
Our clients are based in over 100 countries. Organisations who rely on our
market intelligence include mining, chemical, engineering and exploration
companies, government organisations, trading organisations, schools of mines,
financial analysts and manufacturers using metals and minerals in their
products.
Table of Contents
- 1. Summary
- 2. Introduction
- 3. Overview of world petroleum coke production
- 4. Detailed review of 45 countries producing and consuming
petroleum coke
- 5. Overview of world consumption of petroleum coke
- 6. End uses for petroleum coke
- 7. International trade in petroleum coke
- 8. Petroleum coke prices
