Petcoke prices have dropped dramatically, question is will the decline continue

摘要

You'll get no argument from either the buy or sell side that petroleum coke pricing has fallen pretty dramatically over the last month or so. The question now is: will the numbers decline any further in the near-term market, and if so, by how much? There are a number of factors to consider when contemplating the direction petcoke pricing might take into next year, not the least of which is the level of international demand that will be determined in no small part by economic conditions. The role of consumers from India and China also comes into play where demand and pricing are concerned, and the possible return to the market of a few U.S. utilities could potentially limit price drops.