Petroleum Coke Price Trend: A Simple and Clear Look at the Global Market
Petroleum coke, often called pet coke, is a by-product of oil refining and is widely used across industries such as cement, power generation, aluminum, and steel. Because it is closely linked to refinery operations and industrial demand, its pricing often reflects the overall health of the global economy. Looking at the Petroleum Coke Price Trend helps businesses understand whether markets are tight or comfortable, and whether buyers or sellers have more control.
During the third quarter of 2025, the global petroleum coke market mostly moved in a downward direction. Prices softened in many regions, mainly because supply was plentiful while demand remained moderate. Refiners continued producing pet coke steadily, but buyers across many countries showed caution, purchasing only what they immediately needed. This imbalance between supply and demand shaped a largely bearish market environment.
Global Market Overview
On a global level, the Petroleum Coke Price Trend in Q3 2025 was influenced by high inventory levels and reduced international buying interest. Major exporting countries like the United States and China lowered their price offers to attract buyers, but enquiries remained limited. Many import-dependent regions in Asia-Pacific, Latin America, and the Middle East adopted a wait-and-watch approach.
Even though freight rates stayed mostly stable, this did not lead to a strong increase in trade. Buyers were careful with spending, reflecting broader economic uncertainty and slower industrial growth. While a few markets showed small price increases, these were exceptions rather than the norm. Overall, the global tone of the petroleum coke market stayed soft.
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China: Pressure from Ample Supply
China is one of the major exporters of petroleum coke, and its pricing trends often influence other Asian markets. In Q3 2025, the Petroleum Coke Price Trend in China moved downward. Export prices declined as overseas demand weakened and domestic supply remained comfortable.
Chinese refiners continued operating at steady levels, ensuring a regular flow of petroleum coke into the market. However, international buyers showed less urgency to place orders, partly because alternative supplies from countries like India and Korea were available. To stay competitive, Chinese exporters adjusted their offers slightly.
Towards the end of the quarter, there was a mild price recovery in September. This was supported by stable export activity and some improvement in downstream usage. Still, market sentiment remained cautious. Sellers avoided aggressive price increases, expecting demand to remain limited in the coming months.
United States: Oversupply Weighs on Prices
The United States experienced one of the sharper declines in petroleum coke prices during Q3 2025. The Petroleum Coke Price Trend in the USA was clearly bearish, mainly due to oversupply and weak international demand. High-sulphur grades, in particular, faced pressure as inventories continued to build.
American refiners maintained steady throughput, which meant production levels did not slow down even as demand softened. Exporters faced strong competition from suppliers in the Gulf region and South America, making it harder to secure good margins. As a result, FOB prices were reduced to retain customers.
In September, prices fell further as buyers from Asia and Latin America remained cautious. Although freight conditions were stable and shipments continued, the lack of strong demand kept the market under pressure. Sellers focused on long-term relationships, adjusting prices carefully rather than making sharp cuts.
India: Weak Industrial Demand
In India, the Petroleum Coke Price Trend during Q3 2025 also moved lower. Domestic prices declined as inventories remained high and consumption from key industries such as cement and power stayed weak. Refining activity at major hubs like Jamnagar continued at normal levels, ensuring steady availability.
Despite sufficient supply, buyers were hesitant to increase procurement. Many industrial users expected prices to fall further and delayed purchases wherever possible. Sellers responded by offering discounts, but this did little to boost demand significantly.
In September, prices declined again as buying activity stayed muted. The quarter ended with a cautious outlook, as market participants waited for signs of recovery in construction activity and energy demand. Until such improvement appears, the petroleum coke market in India is likely to remain under pressure.
Australia: A Rare Area of Stability
Unlike many other regions, Australia experienced a slightly firmer Petroleum Coke Price Trend in Q3 2025. Prices rose marginally, supported by steady import volumes and slightly higher freight costs. Some industrial users returned to the market to replenish stocks after earlier destocking phases.
Demand remained balanced rather than strong, but consistent supply from China helped maintain market stability. In September, prices increased further as shipments stayed regular and consumption remained predictable.
Australia’s market stood out because of its controlled supply environment and reliable logistics. Even though global market conditions were weak, Australia managed to maintain equilibrium, avoiding the sharp declines seen elsewhere.
United Arab Emirates: Stable and Balanced
The United Arab Emirates also saw a mild increase in petroleum coke prices during Q3 2025. The Petroleum Coke Price Trend in the UAE was shaped by regular imports from China and stable freight conditions. Importers focused on maintaining sufficient stocks to meet steady demand from construction and power sectors.
There were no major supply disruptions, and logistics remained smooth. In September, prices edged up slightly, reflecting a stable trade environment. Buyers did not rush into large purchases, but neither did they step away from the market.
Overall, the UAE market showed cautious optimism. While demand was not strong, it was consistent enough to support prices at current levels.
Brazil: Soft Demand Limits Growth
In Brazil, petroleum coke prices declined during Q3 2025. The Petroleum Coke Price Trend remained subdued as domestic demand stayed weak. Imports from the United States continued regularly, supported by favorable freight rates.
Buyers in Brazil focused on short-term needs and avoided long-term commitments. Economic uncertainty played a role in limiting industrial consumption, which kept prices under pressure. In September, prices slipped slightly again, reflecting ongoing cautious buying behavior.
Sellers faced resistance when trying to raise prices and instead adjusted offers marginally to remain competitive. The overall market environment in Brazil remained quiet and balanced toward buyers.
Mexico: Oversupply Keeps Prices Low
Mexico experienced a similar situation to Brazil. The Petroleum Coke Price Trend in Mexico during Q3 2025 was negative, driven by oversupply and soft demand. Imports from the USA remained steady, and logistics continued without disruption.
Industrial activity was limited, reducing consumption of petroleum coke. Sellers tried flexible pricing strategies to encourage buying, but transaction volumes stayed low. In September, prices declined again as buyers remained cautious.
Despite stable supply conditions, there was little momentum in the market. Buyers continued to purchase only essential volumes, keeping prices under pressure.
Japan: One of the Weakest Markets
Japan saw one of the strongest price declines among major importing countries. The Petroleum Coke Price Trend in Japan remained weak throughout Q3 2025 due to high inventory levels and reduced industrial consumption.
Imports from the USA continued, adding to oversupply. Even though freight rates softened slightly, this was not enough to stimulate demand. Buyers postponed new deals, waiting for clearer signals on energy pricing and economic recovery.
In September, prices fell further as sellers introduced limited discounts to maintain shipment volumes. The market outlook remained bearish, with only modest hopes for improvement in the next quarter.
Overall Market Sentiment
In summary, the Petroleum Coke Price Trend in Q3 2025 reflected a market with ample supply and cautious demand. Most regions experienced declining prices, while only a few markets showed mild increases due to local balance and stable consumption.
Refiners continued producing steadily, but buyers across the globe focused on careful procurement. Until industrial demand improves and inventories reduce, petroleum coke prices are likely to remain under pressure. The quarter clearly showed that in times of economic uncertainty, markets tend to favor buyers, shaping a softer and more cautious pricing environment.
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About Price Watch™ AI
Price-Watch AI is an India-based, independent raw material price reporting agency that provides real-time price forecasts and data-driven insights into global raw material markets. Price-Watch AI specializes in tracking raw material prices, analyzing market trends, and delivering timely updates on plant shutdowns, supply disruptions, capacity expansions, and demand-supply dynamics. The Price-Watch AI platform empowers manufacturers, traders, and procurement professionals to make faster, smarter decisions. Leveraging AI-powered forecasting and over a decade of historical data, Price-Watch AI transforms market volatility into actionable opportunity.
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