Petroleum coke
Overview
Used in the manufacturing of metals, for power generation and in the production of numerous other products including glass, paint and fertilizers, petcoke is widely used. As the energy transition drives markets around the world to search for ways to reduce carbon emissions, the outlook for Petroleum coke remains uncertain.
Gain transparency into the evolving international petcoke markets with weekly and monthly prices, expert analysis and global market-moving news for fuel-grade and anode-grade petroleum coke.
Latest petroleum coke news
Browse the latest market moving news on the global petcoke industry.
Turkey's cement output, sales may rise in 1H
Turkey's cement output, sales may rise in 1H
London, 19 May (Argus) — Turkey's cement production may increase slightly in the first half of this year because of improving exports to key destinations and growing seaborne markets for the material. Some market participants expect cement firms in Turkey to produce about 41-43mn t of cement in the first half of this year to support an increase in exports and the potential for some buyers to return to the country's cement market. In contrast, the country produced 40.6mn t in January-June 2024, the latest data from the Turkish Cement Manufacturers' Association (TCMA) show. Low prices for fuels like petroleum coke and coal are likely to contribute to firm cement output and a rebound in exports after a sharp reduction a year before. The Turkish lira has also continued to weaken against the US dollar since March , which may help offset a decrease in export prices, making exports more profitable for cement makers. While Turkey's cement exports declined slightly to 3.74mn t in the first quarter from 3.96mn t the same quarter in 2024, sales to markets such as Italy, Syria, Albania, Guyana, Haiti and the UK were on the rise, according to data from Global Trade Tracker (GTT). And it is possible that Ukraine could become a potential destination for Turkey's cement exports, as demand from the country's construction sector may grow sharply on the beginning of talks of an end to Russia's invasion . Some stabalisation of the conflict in Gaza may also boost trades to the region and could lead to the cancellation of the country's Israel trade ban from April 2024, many market participants said. Turkey's total cement exports fell by 15pc on the year in 2024 to 13mn t following the country's ban on cement sales to Israel, one of its largest consuming markets. The country's cement sales to Israel fell to 926,000t in 2024, down from 3.48mn t in 2023, according to GTT. But limited cement sales to Israel may still happen this year through longer supply chains involving third-party countries, according to some market participants. Clinker exports also increased to 1.8mn t in the first quarter, up from 1.4mn t a year before, because of high demand from Europe and Africa. But high interest rates at 46pc and expected inflation rates at 36pc in May could still limit the uptick in Turkey's cement production and sales, as they continue to pressure domestic demand for cement. Uncertainty surrounding government and private spending on construction and infrastructure projects could also contribute to lower domestic cement demand. Cement production rose by about 6pc on the year in 2024 to 84.8mn t, while clinker production picked up by 6pc to 77.53mn t, according to TCMA. Total domestic sales for these materials grew by 9pc year on year in 2024 to 71mn t because of rebuilding in the southern regions after two major earthquakes struck Turkey in February 2023. By Alexander Makhlay Turkey's cement domestic and export sales mn t Turkey's cement and clinker exports mn t Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
US producer Core raises coal sales volume outlook
US producer Core raises coal sales volume outlook
Houston, 8 May (Argus) — US coal producer Core Natural Resources plans to sell more coal in 2025 than previously anticipated, with stronger domestic utility demand expected to offset challenging seaborne market conditions and some production setbacks. Core projected on Thursday that it will ship around 75.5mn-81mn st (68.5mn-73.5mn metric tonnes) of thermal and metallurgical coal this year, up from its February forecast of 72.5mn-79mn st. The new expectations for this year still are lower than the combined 85mn st sold in 2024 by Arch Resources and Consol Energy before the two companies merged in January to form Core. On the thermal side, Core has 75.6mn st of coal under contract to ship this year, including 26.5mn st of high calorific-value (CV) thermal coal, 41.9mn st of Powder River basin (PRB) coal and 7.2mn st of metallurgical coal. While the global trade environment is "uncertain", there are domestic opportunities because of continued US electricity load growth, chief executive Paul Lang said on Core's first-quarter earnings call. Overall US electricity generation was 3pc higher in 2024 than in 2023. And in the first four months of this year, generation was 3.9pc higher than in January-April 2024 as coal-fired generation climbed by around 20pc, more than offsetting a "small" decline in natural gas power, Lang said. Colder-than-normal weather during the first quarter resulted in surging natural gas prices and higher power prices in the PJM Interconnection, causing generators to dispatch more coal power than expected and trimming inventories. Utilities are in the market earlier this year than they had been recently, seeking both spot and term coal volumes, Core senior vice president Robert Braithwaite said. "We actually have a couple [requests for proposals] out today," Braithwaite said. One solicitation is for deliveries through 2030 and one is for deliveries through 2028, he said, without naming the prospective buyers. Core also expects a number of international headwinds to be short-lived. While there has been "a bit of a price wall" for potential high-sulfur thermal coal business to India because of recent drops in petroleum coke prices, "we would expect that to pick back up in the coming months", Braithwaite said. In addition, if there is a trade deal between China and the US, China may resume buying US thermal coal and petroleum coke, he said. This would tighten the supply of coal and petroleum coke going into the Indian market and support higher fuel prices, according to Braithwaite. And although seaborne metallurgical coal markets remained muted during the first quarter, growing blast furnace capacity in southeast Asia is anticipated to strengthen export demand for US coking coal, Lang said. Last quarter, the company sold 2.31mn st of metallurgical coal. Record quarterly production at Core's metallurgical coal-producing Leer mine in West Virginia limited the impact of a longwall outage at Leer South, which was sealed in January to extinguish a fire. Core said it resumed continuous miner operations at Leer South in February and expects to restart longwall production by the middle of this year. In addition, there were three longwall moves at the producer's Pennsylvania mining complex during the quarter. Lang noted that there is a fourth longwall move currently in progress at the complex, and the fifth and final planned move for 2025 will occur in the back half of the year. Core's total coal sales during the first quarter fell to 20.1mn st of thermal and metallurgical, down from 21.3mn shipped by Consol and Arch combined a year earlier. Core sold 7.1mn st of high CV thermal coal at an average price of $63.18/st last quarter, and 10.7mn st of PRB coal priced at an average of $14.93/st. In the first quarter of 2024, Consol's Pennsylvania mining complex sold 6.1mn st of high CV coal and Arch shipped 12.8mn st out of the PRB and from its high-CV West Elk mine in Colorado. By Anna Harmon Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
Unimetal acquires Germany’s CS Additive
Unimetal acquires Germany’s CS Additive
Houston, 6 May (Argus) — Sao Paulo-based coke marketer and calciner Unimetal purchased German carbon products producer CS Additive at the end of April, a company that uses petroleum coke as a raw material for its product called Carbolux. CS Additive produces carburizing products for the iron and steel industries. Its Carbolux products are used for steel and casting production, brake linings and other specialty carbon products such as graphite lubricant. The company said it uses graphitized and calcined petroleum coke from European, South American and Chinese sources to produce these products. The acquisition will help to increase its market coverage in Europe, Turkey, the Middle East and India, Unimetal said, as well as "strengthen its commitment to environmentally friendly, energy-efficient processes and state-of-the-art thermal cleaning technology." "CS Additive's location in the industrial heart of Germany will play an important role to process and distribute our entire product portfolio," Unimetal chief executive Alan Yung said. By Hadley Medlock Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
Cemex may increase cement prices on tariffs
Cemex may increase cement prices on tariffs
Houston, 28 April (Argus) — Mexico-based multinational cement maker Cemex says it is in a "good position" to avoid any potential negative effects from US import tariffs, as the company plans to increase product prices should Washington escalate its global trade war. Cemex's cement imports from countries such as Vietnam, Turkey, Saudi Arabia and Greece could be hit with high tariffs in July if US president Donald Trump decides to follow through on a plan he announced early this month, but quickly put on a 90-day pause after financial markets roiled. Cemex is prepared to increase prices on cement products to help offset additional costs brought on by these tariffs, the company said today. "We have already communicated to our customers that, should those tariffs be implemented, we would be introducing a surcharge immediately to pass along to consumers that cost increase," said chief executive Jaime Muguiro. The company did not detail how much these price increases would be. Cemex noted that the company imposed similar measures in 2022 to account for high energy price inflation, when its incremental costs suddenly increased by $60/t. "We were able to increase prices to more than offset that cost, preserving margins," Muguiro said. But the company also plans to increase domestic production in the US to reduce its need for seaborne imports. "We're producing more cement locally, and we do plan to replace imports," Muguiro said. "I think that we are in a good position to navigate current uncertainty on tariffs," he continued. Part of the company's plan to deal with potential high tariffs on suppliers like Vietnam is to supply more from its Mexican plants, shipping by rail from a plant in Torreon in central Mexico and by sea from east Mexican plants. Mexican imports are currently exempt from tariffs under the US-Mexico-Canada (USMCA) free trade agreement. But the administration had previously sought to hit Mexico with a 25pc tariff, which US cement makers said "could adversely affect energy and national security". Cemex's consolidated domestic grey cement sales volume totalled 10.2mn t in the first quarter, down by 2pc on the year. In the US, domestic grey cement sales volumes were down by 3pc on the year, while prices fell by 1pc. Cemex attributed this decline to unusually cold winter weather in key markets during the quarter that hindered construction activity. But lower demand allowed the company to complete half of its scheduled annual maintenance, and Cemex expects sales volumes to be supported by higher infrastructure spending in the near future. Sales volumes in Mexico fell by 9pc, while prices fell by 14pc on a US dollar basis, as a new administration in the country contributed to an expected slowdown in construction activity during the quarter. Cemex expects a pickup in sales volumes in the second half of the year, when the new government executes its budget for rural roads and social housing. Declines in these regions offset gains in cement sales volumes and pricing in Europe, the Middle East and Africa and South, Central America and the Caribbean during the quarter. Cemex also said that its energy cost per tonne of cement produced in the first quarter fell by 17pc on the year. This was because of lower power and fuel prices, as well as improvement in clinker factor and thermal efficiency, the company said. Cemex posted $3.6bn in revenue in the first quarter, down by 1pc from the same quarter the prior year. The company also reported a record profit of $734mn during the quarter, driven primarily by the sale of its operations in the Dominican Republic. By Hadley Medlock Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
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