Crude Futures Firm on Spot Demand
Crude oil futures firmed amid firm spot demand, with both major global benchmarks edging higher in trade. Increased positioning by market participants reflected continued underlying demand support.
Pet Coke Price Trend Analysis 2026: Market Insights, Historical Prices, Supply Demand Analysis, Latest News & Price Drivers
Written ByPragati Agarwal
Pet Coke Latest Development
Hormuz Disruption Tightens Global Oil Supply
Strait of Hormuz closure continues to constrain global oil supply, with observed output remaining significantly below year-ago levels. IEA revised its demand forecast downward as inventories fell to multi-decade lows, reinforcing upward price pressure and market volatility.
Pet Coke Price Trend Q2 2026
| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Pet Coke | China | FOB | USD 459.82/MT | June 2026 |
| Pet Coke | India | CIF | USD 547.37/MT | June 2026 |
| Pet Coke | USA | CIF | USD 514.00/MT | June 2026 |
| Pet Coke | Brazil | CIF | USD 631.43/MT | June 2026 |
| Pet Coke | Canada | CIF | USD 514.00/MT | June 2026 |
| 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 |
Stay Updated with the Latest Pet Coke Prices, Historical Data, and Tailored Regional Analysis
- Global pet coke prices moved lower through Q2’26 after an early increase driven by crude supply disruptions, refinery constraints and freight pressure.
- Feedstock conditions weakened later as crude oil prices declined, refinery operations improved and additional cargo availability reduced supply pressure.
- Downstream demand remained mixed, with aluminium anode demand supporting low-sulphur grades while cement buyers remained price-sensitive.
Asia
In Q2'26, Pet Coke prices in China declined to ~RMB 3.32/kg in April and ~RMB 3.13/kg in the subsequent month, showing a ~5.8% decrease. The market initially strengthened due to high crude oil prices, refinery maintenance and supply disruptions around the Strait of Hormuz, but prices weakened as crude values declined and imported cargoes increased. Chinese petroleum coke production declined in April due to lower delayed coking operating rates, supporting low-sulphur grades. However, higher imports pressured medium and high-sulphur coke prices, with uncalcined pet coke imports reaching 5.7561 million tonnes between January to April 2026. Low-sulphur coke remained supported by steady aluminium anode demand, while cement-related demand stayed cautious. In India, pet coke prices declined to ~INR 50.89/kg in April and ~INR 50.33/kg in May, showing a ~1.1% decrease. Imported pet coke prices weakened as supply improved. Cement producers returned to the market when pet coke became more competitive against coal.
Europe
European pet coke markets remained under pressure as ample US cargo availability and weaker cement demand limited price recovery. Turkey’s CFR pet coke prices declined during Q2, with buyers selecting lower-cost sulphur grades as the premium between grades narrowed. Cement producers remained highly price-sensitive as coal alternatives competed with pet coke. Lower crude-related costs and improved supply availability reduced upward pressure, while some buying interest returned after prices declined.
North America
Pet Coke prices in the United States increased slightly to ~USD 573.30/MT in April and ~USD 581.67/MT in the following month, showing a ~1.5% increase. The market received early support from crude supply disruptions but weakened later as refinery output increased and seller competition intensified. US Gulf high-sulphur pet coke prices declined as refinery runs improved and additional cargoes became available. Higher refinery utilisation and increased production of medium-sulphur coke increased supply availability. Premium low-sulphur grades remained supported by aluminium anode demand.
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- 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 $347 million in February 2026, indicating active international demand despite logistical challenges. Domestic supply reduced exposure to global disruptions, though higher freight costs influenced export competitiveness.
About Pet Coke
PET Coke or better known as Petroleum coke is basically a final carbon-rich solid material that is extracted from oil refining. It belongs to a group of fuels referred to as coke. PET Coke, in particular, is extracted from a final cracking process— in a thermo-based chemical engineering process - that splits long chain hydrocarbons of petroleum into shorter chains.
Pet Coke Product Detail
Hs Code
271312
Industrial Uses
Batteries, Steel, Aluminium, Fuel, Electric Power Plants
Supplier Database
Vasundhra Enterprises, Dwarkesh Fuel Industries, Laxmi Mineral (Hindustan Westcoast Trading Co. Group), N G Minchem Private Ltd, Indian Oil Corporation Ltd
Regional Coverage
Asia Pacific
China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand
Europe
Germany, France, United Kingdom, Italy,Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America
United States and Canada
Latin America
Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Africa
South Africa, Nigeria, Egypt, Algeria, Morocco
CurrencyUS$ (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.
Our Price Analysis Methodology
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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