Renewed fighting between US and Iran has slowed shipping through the Gulf of Hormuz, disrupting supply routes. Benchmark crude prices have climbed sharply from pre-conflict levels, reflecting heightened geopolitical risk. The upward price pressure is likely to continue while tensions persist.
Pet Coke Price Trend Analysis 2026: Market Insights, Historical Prices, Supply Demand Analysis, Latest News & Price Drivers
Written ByPragati Agarwal
Pet Coke Price Trend Q2 2026
| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Pet Coke | China | FOB | USD 462.48/MT | May 2026 |
| Pet Coke | India | CIF | USD 529.82/MT | May 2026 |
| Pet Coke | USA | CIF | USD 581.67/MT | May 2026 |
| Pet Coke | Brazil | CIF | USD 594.48/MT | May 2026 |
| Pet Coke | Canada | CIF | USD 587.48/MT | May 2026 |
| Pet Coke | China | FOB | USD 486.30/MT | April 2026 |
| Pet Coke | India | CIF | USD 536.18/MT | April 2026 |
| Pet Coke | USA | CIF | USD 573.30/MT | April 2026 |
| Pet Coke | Brazil | CIF | USD 607.40/MT | April 2026 |
| Pet Coke | Canada | CIF | USD 573.30/MT | April 2026 |
Stay Updated with the Latest Pet Coke Prices, Historical Data, and Tailored Regional Analysis
Pet Coke Price Trend Q1 2026
- Global pet coke prices showed a firm-to-mixed trend in Q1’26 as refinery output stayed stable while freight and energy risks increased due to geopolitical disruptions.
- Feedstock conditions remained supportive as refinery throughput and heavy residue availability ensured a steady supply, though logistics costs increased.
- Downstream demand remained steady from the cement, power, and aluminum sectors, supporting consistent consumption across regions.
Asia
Pet coke prices in Asia followed a firm trend in Q1’26, supported by steady downstream demand and tightening trade flows. Strong consumption from cement, power, and aluminum sectors maintained buying interest, while limited cargo availability and higher freight risk supported sentiment. The Iran war and Strait of Hormuz disruption increased shipping uncertainty, indirectly raising costs. Asia remained import-dependent, with steady demand absorbing available supply despite fluctuations in refinery output.
Europe
Pet coke prices in Europe remained stable to firm in Q1’26, supported by energy cost pressure and import dependence. Industrial demand from the cement and power sectors remained steady, while higher logistics and fuel costs increased the delivered cost risk. The Strait of Hormuz disruption affected sentiment as the route carries about one-quarter of global seaborne oil trade, raising energy and freight uncertainty. However, stable industrial demand limited volatility.
North America
Pet coke prices in North America remained stable with slight firming in Q1’26, supported by strong domestic refinery output and export-linked demand. U.S. petroleum coke exports reached 15,300 thousand barrels in January 2026, reflecting steady trade flow and global demand. Trade activity remained strong, with exports valued at $347 million in February 2026, indicating active international demand despite logistical challenges. Domestic supply reduced exposure to global disruptions, though higher freight costs influenced export competitiveness.
Analyst Insight
According to Procurement Resource, pet coke prices are expected to remain firm, supported by steady industrial demand and stable refinery output, while freight and energy volatility may continue to influence short-term market movement.
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Unlock Price Insights NowLatest Developments
Intensified US-Iran military actions disrupt oil shipments through the Strait of Hormuz, causing a sharp spike in crude oil prices. The price jump leads to severe depreciation of the Indian rupee, raising import costs and inflationary concerns.
The West Asia turmoil has increased coal and pet coke consumption prices, with expectations that costs will peak in Q2FY27. This signals upward price pressure for pet coke used by cement and other industrial consumers.
The IEA expects world oil demand to decline year-on-year for the first time since 2020, driven by the Iran war and Strait of Hormuz closure. Prices have eased on prospects of a surplus late in 2026, but renewed hostilities threaten supplies and introduce volatility.
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Pet Coke Dashboard Inclusions
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Asia
During Q4’25, the Asian pet coke market showed strength, particularly in China and South Korea. In China, refinery outages and maintenance limited supply, while strong demand from the cement, anode, and electrode industries kept spot activity active. Seasonal restocking ahead of holidays and firm industrial consumption further supported prices. South Korea mirrored this trend, with steady downstream demand and a balanced mix of domestic production and imports keeping trading active. Overall, Asia experienced a generally firm tone, with price gains supported by tight feedstock availability and healthy industrial call-offs.
Europe
European pet coke markets were mostly stable in Q4’25. Supply remained sufficient, as refineries operated smoothly and inventories were balanced. Demand from the cement and industrial sectors was steady but not strong enough to push prices higher. Environmental regulations and compliance costs created some upward pressure on production costs, but this was offset by stable trade flows and moderate activity across key hubs like the UK and Rotterdam. As a result, Europe maintained a cautious and balanced price trend throughout the quarter.
North America
In North America, pet coke prices were generally steady with occasional firming. Production at key Gulf Coast refineries faced minor operational constraints, slightly tightening supply. Meanwhile, overall refinery throughput remained high, and demand from cement and industrial users was consistent. Despite these movements, the market stayed within a moderate range due to ample inventories and stable trade conditions.
About Pet Coke
PET Coke or better known as Petroleum coke is basically a final carbon-rich solid material that is extracted from oil refining. It belongs to a group of fuels referred to as coke. PET Coke, in particular, is extracted from a final cracking process— in a thermo-based chemical engineering process - that splits long chain hydrocarbons of petroleum into shorter chains.
Pet Coke Product Detail
Hs Code
271312
Industrial Uses
Batteries, Steel, Aluminium, Fuel, Electric Power Plants
Supplier Database
Vasundhra Enterprises, Dwarkesh Fuel Industries, Laxmi Mineral (Hindustan Westcoast Trading Co. Group), N G Minchem Private Ltd, Indian Oil Corporation Ltd
Regional Coverage
Asia Pacific
China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand
Europe
Germany, France, United Kingdom, Italy,Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America
United States and Canada
Latin America
Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Africa
South Africa, Nigeria, Egypt, Algeria, Morocco
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-degree analyst support after report delivery
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Pet Coke Production Processes
- Production of PET Coke via Oil Refining Process
PET Coke is known to be a final carbon rich solid material that is derived or extracted during the oil refining process. It is a product that is particularly derived by the cracking process.
About the Author
Pragati Agarwal
Senior Business Insights Analyst
Delivering price trend analysis and procurement market insights at Procurement Resource, with expertise in identifying commodity patterns, supporting purchasing strategies, and improving cost efficiency through actionable market intelligence.
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